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Secrets of bidders: Is this your year to steal a car at the Arizona auctions?

Each January, enthusiasts flock to Arizona for the most exciting events on the auction calendar. Seven companies--Barrett-Jackson, RM Auctions, Gooding & Co., Russo and Steele, Kruse International, ICA Auctions and Silver Auctions--will duke it out, with more than 3,000 collector cars on the block. But with real estate tanking, the economy in a tailspin, consumer confidence at an all-time low, retail car sales bottoming and automakers begging for loans in Washing-ton, is this any time to buy an old car at auction?

Carmel kicks off concours craziness

Consider the Monterey car week begun! The Carmel-by-the-Sea Concours-on-the-Avenue launched with its best-ever crowd and what many were calling the best-ever show for the free-to-the-public event held every Tuesday before the Pebble Beach Concours on Ocean Avenue in Carmel. Eighteen blocks total were shut to traffic and jammed with collector cars, everything from classic 911s celebrating that car's 50th anniversary to Ferraris, Trans Am racers and a whole block of Shelby Cobras.

Ten days and counting, China traffic jam extends 60 miles

Tuesday marked the 10th day of a traffic jam extending more than 60 miles on China's Beijing-Tibet Expressway. The congestion is a result of road construction that is expected to continue until mid-September, the Associated Press reported. At one point, vehicles were moving little more than a half-mile a day.