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Major automakers post mixed US June sales figures

General Motors, Ford and Fiat Chrysler Automobiles NV posted declines in US new vehicle sales for June on Monday, while major Japanese automakers reported stronger figures. Once again, demand for pickup trucks and crossovers offset a decline in sedan sales. Automakers' shares rose as overall industry sales still came in above Wall Street expectations. The US auto industry is bracing for a downturn after hitting a record 17.55 million new vehicles sold in 2016. Analysts had predicted that overall, US vehicle sales would fall in June for the fourth consecutive month. As the market has shown signs of cooling, automakers have hiked discounts and loosened lending terms. Car shopping website Edmunds said on Monday the average length of a car loan reached an all-time high of 69.3 months in June. "It's financially risky, leaving borrowers exposed to being upside down on their vehicles for a large chunk of their loans," said Jessica Caldwell, Edmunds' executive director of industry analysis. GM said its sales fell about 5 percent versus June 2016, but that the industry would see stronger sales in the second half of 2017 versus the first half. "Under the current economic conditions, we anticipate US retail vehicle sales will remain strong for the foreseeable future." GM shares were up 2.4 percent in morning trading, while Ford rose 3.3 percent and FCA shares jumped 6 percent. "US total sales are moderating due to an industry-wide pullback in daily rental sales, but key US economic fundamentals clearly remain positive," said GM chief economist Mustafa Mohatarem. "Under the current economic conditions, we anticipate US retail vehicle sales will remain strong for the foreseeable future." Ford said its sales for June were hit by lower fleet sales to rental agencies, businesses, and government entities, which fell 13.9 percent, while sales to consumers were flat. But it sold a record 406,464 SUVs in the first half of the year, with Explorer sales increasing 23 percent in June. And sales of the F-150 had their strongest June since 2001. On a media call, Ford executives said an initial read of automakers' sales figures indicated a seasonally adjusted annualized rate of around 17 million new vehicles for the month, which would be better than 16.6 million units analysts had predicted. FCA said June sales decreased 7 percent versus the same month a year earlier.

Infiniti teases the next generation QX80 SUV

Our latest teaser ahead of the New York Auto Show comes to us from Infiniti. The company didn't reveal anything more than a name, the QX80 Monograph, and the single picture seen above. However, we can determine a few things from this tidbit of information. First, Infiniti is teasing a vehicle that will represent the upcoming successor to the current QX80 SUV, albeit in concept form. Second, the SUV is going to see a fairly significant redesign. The headlights are now lined up with the top half of the grille rather than the bottom, and the tops of the fenders are higher. This provides a more aggressive, square-shouldered appearance. The lower vents and front spoiler look more aggressive, too. The SUV will be fully revealed on April 11 in time for the New York Auto Show, as will more details about the vehicle. At that point we should know if this is a completely new vehicle, or a substantial refresh of the current Nissan Patrol-based SUV. Related Video:

1992 Infiniti Q45 with under 9,000 miles is a window into the glory days of Japan, Inc.

The 1980s saw Japanese auto boom in the U.S., while at home the "Bubble Economy" of the latter half of the decade swelled corporate coffers. The heady atmosphere lead first Honda, then Toyota and Nissan, to launch luxury divisions, aimed primarily at the U.S. market. Nissan formed a secret task force in 1985 to create Infiniti, and the brand launched (simultaneously with Lexus) at the 1989 Detroit Auto Show. The Infiniti Q45 was the brand's flagship and displayed a distinctly Japanese take on the luxury sedan. Whereas the Lexus LS400 was like the world's most perfect Cadillac — all silence and smoothness — the more driver-oriented Q45 was something akin to an Asian Jaguar. The Zen-like styling eschewed luxury car cliches such as interior wood trim and a fancy chrome grille. Instead, the nose of the Q45 was adorned with a stylized badge that was suggestive of a samurai shield. When Lexus stormed out of the gate and left Infiniti far behind, Nissan's luxury division began to dial back the iconoclasm and tack toward conventionality. All of which makes this early, 1992-model Q45 a rare and intriguing machine. It's all the more representative of Infiniti's early days because of its ultra-low mileage: just 8,800 miles are on the clock. Up for sale right now on the auction website Cars & Bids, this Q45 reportedly had just one owner up until last year. It features a leather interior, power seats, a sunroof and a trunk-mounted 10-disc CD changer. Under the hood is a DOHC 4.5-liter V8 that's good for 278 horsepower and pairs with a four-speed automatic transmission to drive the rear wheels. Of note is the factory case that houses the original titanium keys. At this writing, bidding for this rarely seen Japanese luxury sedan stands at $11,000 with two days left to go in the auction. That seems a small sum for such a well-preserved totem of the Japanese auto industry's master-of-the-universe period. Related Video: