Ford to restart F-150 production Friday - KCTV5 News

Ford to restart F-150 production Friday

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(Photo: Ford via CNN) (Photo: Ford via CNN)

(CNN Money/Meredith) -- Ford says it will restart production of its wildly popular F-150 pickup truck on Friday.

The automaker ceased manufacturing of the F-150 at its plants in Dearborn, Michigan and outside of Kansas City, Missouri -- the only two plants that make the truck -- earlier this month after a fire broke out at a supplier's facility.

Related: When will Ford run out of F-150s?

Ford said in a press release Wednesday that it would resume production of the truck at the Dearborn plant on Friday and at the Missouri plant on Monday, May 21.

"Ford teams, together with suppliers including Walbridge and other contractors, worked nearly around the clock to get America's best-selling vehicle franchise back online as quickly as possible," the company said in a statement.

The F-series pickups have been the best-selling vehicle in America for more than 30 years, and account for roughly a third of Ford's US sales.

There are several other factors that could boost demand for the F-150 right now.

First, rising gas prices are rising, and the newest F-150, which uses light-weight aluminum, gets about 22 miles per gallon, according to EPA estimates. That compares to only 13 miles per gallon for a 2012 model. Older models typically are even bigger gas guzzlers.

Rising interest rates could also bring people into showrooms sooner rather than later, Krebs said.

And there's a chance that the headlines about the production shutdown could prompt some buyers who were thinking about buying a truck later to buy one now.

Any F-150 shortage could also mean higher prices since dealers will be reluctant to price their remaining inventory aggressively.

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