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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.

2025 Infiniti QX80 First Look: Can it command a hundred grand?

NEW YORK CITY — If Infiniti has its way, the all-new 2025 QX80 will be the flagship SUV that leads NissanÂ’s luxury marque into a much-needed renaissance. By the time the 2025 QX80 debuts, the current generation will have been on the market for 15 years. The model dates to 2010, when it debuted as the QX56 (prior to InfinitiÂ’s naming system revamp). The QX56/QX80 received a lot of hate for avant-garde styling that appeared to have been birthed from an H.R. Giger space horror. The 2025 iteration tones that down significantly with fewer curves and more chiseled lines. As previewed by the QX Monograph concept, the complete absence of surfacing on the sides is as unfussy it gets. The nose retains InfinitiÂ’s trademark double-arch grille, inspired by the enduring stone bridges of traditional Japanese gardens. Similarly, its vertical slats are meant to evoke the spires of a bamboo forest. The new Infiniti logo is now 3-dimensional, with the “infinite road” dropping into the center like a black hole. Unlike a black hole, it illuminates in an eye-catching effect that, thankfully, feels less pretentious than MercedesÂ’ glowing stars. At the rear, a full-width taillight bar recalls lights reflected in water and is made up of more than 300 LEDs. The thin lights flanking the grille are DRLs, while the QX80Â’s real headlights are embedded in nooks just above vents on either side of the front fascia. Happily, those vents are functional, directing cooling air to beefy two-pot calipers and 13-inch discs. Likewise, the (finally de-chromed!) driverÂ’s side fender vent acts as a heat extractor. That heat is generated by a new twin-turbo 3.5-liter V6 that replaces the outgoing naturally aspirated V8. Mated to a 9-speed automatic, it hails from the same engine family as the GT-R supercar and makes 450 horsepower and 516 lb-ft of torque, a surge of 50 horses and 105 lb-ft. At the same time, Infiniti says it gets 20% better fuel economy. Many forget that beneath the predecessorÂ’s alien beluga sheetmetal was a solid luxury SUV with real off-road bones. It was built on the same platform as the Nissan Patrol, a hard-core 4x4 that competes toe-to-toe with the legendary Toyota Land Cruiser in foreign markets. Come 2025 the QX80 will continue to share a chassis with the new Patrol, albeit an all-new body-on-frame unit that Infiniti says has 57% more lateral stiffness than the outgoing model and 300% increased torsional stiffness.

2019 Infiniti QX60 and QX80 introduced with new Limited trim level

The 2019 Infiniti QX60 crossover and 2019 Infiniti QX80 full-size SUV debuted here at the New York Auto Show with new, more luxurious Limited trim levels. They include special wheels and even more luxurious interior touches. On the dark-grilled QX60 Limited, the custom wheels are 20 inches, and on the bigger QX80 they are 22. The half-leather seats on the QX60 are quilted, and the aniline color extends to the armrest and door cards as well. On the QX80, the "Limited" lettering stands out everywhere, from the center console to the seats, which are two-tone, leather and Alcantara. The QX80's dashboard wood trim is matte silver ash, and little trimline-specific details can be seen everywhere. The QX60's engine remains the standard specification 295-horsepower 3.5-liter V6, and the QX80's powerplant is the 5.6-liter V8 with 400 horsepower. Pricing hasn't yet been announced, but the QX60 Limited will be available this summer, and the QX80 Limited can be bought from summer onward. Related Video: