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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.

2022 Infiniti QX50 starts at $40,025

Infiniti upped prices on the 2022 QX50, but at least some of the MSRP increase goes toward new features. Nissan's luxury arm made ProPilot Assist standard for all five trims, the driver assistance suite includes tech like steering assist, intelligent cruise control, speed limit assist, and distance control assist. Apple CarPlay is another included item for next year's model, as well as an auto-dimming rearview mirror, and more soft-touch luxuries for the rear quarters with keyless entry able to be activated by the rear doors now, LED welcome lights in the rear door handles, and a USB-C port for the aft chairs. The first four grades are front-drivers; adding all-wheel drive adds $2,000 to the tab. For 2022, top front-wheel drive Autograph bows out, making AWD the de facto standard. The trims and their pricing after the $1,025 destination fee, plus their differences from the 2021 model, are: Pure: $40,025 ($950) Luxe: $43,375 ($750) Essential: $47,825 ($2,000) Sensory: $52,525 ($1,400) Autograph AWD $57,975 (no change) On top of the other newly standard equipment, the Essential trim picks up a heated steering wheel, 16-speaker Bose Performance Series audio, climate-controlled front seats,  Luxe fits "leather-appointed seats," and offers an updated Appearance Package for $1,200. The bundle is composed of black mirror caps, body color rear diffuser, black mesh grille, black fender accents, a black liftgate finisher, and 20-inch black-painted, machine-finished wheels. A graphite headliner finishes the package inside.   Sensory snares some features formerly reserved for the Autobiography, like "leather-appointed" perforated seats, four-way passenger power-seat lumbar adjustment, heated outboard seats in the second row, ultrasuede interior trim, and a motion-activated liftgate.  The eight-strong color palette welcomes a new Slate Gray hue. Mechanicals don't change, every model powered by a 2.0-liter inline-four cylinder with 268 horsepower and 280 pound-feet of torque, routing its output through a continuously-variable transmission. The 2022 Infiniti QX50 should reach dealers later this month.

About 20k Nissan Pathfinder, Infiniti JX models recalled for potentially faulty brakes

The National Highway Traffic Safety Administration has issued a recall for the 2013 Nissan Pathfinder and 2013 Infiniti JX due to a problem with the front brakes. The problem is a result of the brake torque member (a part that attaches the brake caliper to the front suspension), which was cast improperly with a structural weakness that could possibly lead to "reduced braking, increasing the risk of a crash," according to NHTSA. How, you ask? If the part breaks, the brake caliper could move position and possibly make contact with the wheel.
Around 20,000 of these sister crossovers are being recalled, but it doesn't sound like all were equipped with the faulty component. Dealers will inspect vehicles built between December 3, 2012 and January 29, 2013, and replace components from the defective batch. The recall goes into effect next month, but until then, the official recall notice is posted below with information for how owners can contact Nissan.