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There is a market for quality .info domains. The demand for .info domains will only increase in the future. If you check past sales there have been some good sales for keyword .infos.
I think there is a reseller market which will get bigger in the near future. I have seen more sales for .info recently than .com/net on the forums. I have had better sales for some .infos than .com/net in some cases.
I wouldn't say it's a waste of time. While not as valuable as .com, .info is best with highly commercial generic 1-2 words. Or for educational sites.
NewCars.info...hmmm. Kind of so-so. Cars.info would be better, sportscar.info would be better. Like aZooZa said; it's struggling but I wouldn't write it off just yet. However, don't take chances like you can with .com. I'd stay away from anything brandable and stick with commercial generics on .info.