The used Ford F-150 Lightning is gaining popularity among American truck buyers, with prices reaching as much as 50% below the original sticker price and vehicles taking an average of just 20 days to sell. The electric pickup, which Ford discontinued last December, is attracting buyers with lower prices, rising gasoline costs and limited availability.

Used Ford F-150 Lightning Prices Fall by Up to 50%

According to a Bloomberg report, used Ford F-150 Lightning electric trucks are selling for as much as 50% off their original sticker prices, creating an attractive opportunity for shoppers looking for a full-size electric pickup.

Jimmy Douglas, CEO of wholesale electric vehicle dealer Plug, told Bloomberg that the Lightning’s value proposition has changed significantly in the used market.

“When Ford was selling it brand new, the math was complicated. But used, the Lightning is 50% to 60% of the sticker price and that is really a sweet spot; it’s an incredible truck for the money,” Douglas said.

The pricing appears to be translating into strong sales. Used F-150 Lightnings take an average of 20 days to find a buyer, less than half the 44-day average for used vehicles across the United States.

According to Edmunds.com, increased demand has also pushed the electric pickup’s average transaction price up 4% to $50,000 since the beginning of the year.

Non-Ford Dealerships Are Capitalizing on Demand

The Bloomberg report also highlights an unusual trend in the used market: Nearly one-third of pre-owned F-150 Lightnings are being sold by dealerships that primarily promote other brands.

Douglas said these dealerships would generally transfer a used Ford to a Ford dealership for resale. However, many are now choosing to list the Lightning themselves to take advantage of strong buyer demand.

The trend reflects the electric pickup’s appeal in the pre-owned market, where competitive pricing is helping attract shoppers despite the model’s discontinuation.

Why the Ford F-150 Lightning Is Attracting Buyers

Price is a major reason for the Lightning’s growing popularity. In the used market, electric F-150s are priced comparably to gasoline-powered F-150 models, making the electric version a more accessible option for buyers considering a full-size truck.

Rising gasoline prices are also encouraging some shoppers to consider electric pickups as a way to reduce fuel expenses.

The EV Group, which sells pre-owned electric vehicles nationwide through three dealerships, says many of its customers purchase the Lightning as a second truck. These owners use the electric pickup for their weekly commutes while keeping their gasoline-powered trucks for weekend driving.

Limited Availability Adds to the Lightning’s Appeal

Scarcity is another factor contributing to the Lightning’s appeal. When the electric pickup was available, the gasoline-powered F-150 outsold it by a ratio of 9 to 1.

Although the Lightning shares much of its appearance with the conventional F-150, its electric powertrain helps it stand out among the many gasoline-powered trucks on the road.

Ford discontinued the F-150 Lightning last December, three months after the United States decided to end the federal electric vehicle tax credit. New models have not been available for almost a year, leaving the used market as an important place for buyers seeking the electric pickup.

Ford’s Next Electric Pickup Is Expected in 2027

Ford currently does not have an electric truck in its lineup, but the company is putting the finishing touches on a new midsize electric pickup called the Fathom.

Expected to launch in 2027, the Fathom will start at around $28,000, and Ford hopes to sell 100,000 units annually.

That target would significantly exceed the F-150 Lightning’s sales in its strongest year. The electric full-size pickup sold 33,500 units in 2024, its best year on the market.

For now, the used Ford F-150 Lightning is benefiting from lower prices and strong demand, with average selling times well below the broader used-vehicle market. Its growing appeal highlights the opportunities buyers are finding in the pre-owned electric truck segment.