The WOLF STREET Real-World New-Vehicle Price Index, F-150 XLT & Camry LE, 2023 Models: Ford’s Truck Price Shocker | Wolf Street

The chart below shows the MSRP for each model year of the F-150 XLT (red, left scale), and the Camry LE (purple, left scale), and the Consumer Price Index for New Vehicles (green, right scale). We’ll get to the details and numbers in a moment:

The price increase of the 2023 F-150 XLT blew my ears off, compared to the 2022 model and the 2021 model, about +10% each year, two years back-to-back, total blowout price spikes. Over those two model years, from the 2021 model to the 2023 model, the base MSRP without destination and delivery charges jumped by $7,540, or by 21%, from $35,400 for a 2021 model to $42,940 for the 2023 model. Time to go on a buyers’ strike, no?

This is what the inflationary mindset is all about: Manufacturers think that people will pay whatever because people paid whatever plus big-fat addendum stickers last year, so here we go.

The WOLF STREET Real-World New-Vehicle Price Index, F-150 XLT & Camry LE, 2023 Models: Ford’s Truck Price Shocker | Wolf Street