Ford slashes Capri and Explorer prices by £5000
Electric SUV siblings now start from around £35,000 – but lowered prices cause worry in used car market
Ford has cut the price of the Explorer and Capri electric SUVs by around £5000 just a week after improving standard equipment levels and extending their ranges.
However, industry insiders have told Autocar that they're worried the move could have a knock-on impact on used car values, not just for Ford EVs but across the market.
The price of the Explorer has dropped by between £4035 and £4800, depending on spec, bringing the starting price down to £35,185 for the rear-driven 58kWh Style model.
The range-topping, four-wheel-drive, 77kWh Explorer Premium now costs less than £50,000. Before April it was nearly £54,000.
The price of the Capri has dropped by between £4080 and £5070, with the base 58kWh Style model now starting at £36,985.
In addition to the price cut, Ford has increased the equipment level and upgraded the battery of Standard Range cars to give them an additional 43 miles of range.
The extra kit includes an updated Sync infotainment system, uprated adaptive cruise control, a reversing assistant, a driver monitoring system and a three-pin outlet to power devices at up to 2.3kW.
Electric SUV siblings now start from around £35,000 – but lowered prices cause worry in used car market
www.autocar.co.uk