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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?

Volkswagen XL1

This, remarkably, is the production version of the Volkswagen XL1, the most fuel-efficient production car in the world, a car we'll see in Geneva in a little over a week. Barely changed from the concept version shown at the Qatar motor show two years ago, the production XL1 is the first production result of VW's 1-liter project – to design a car that uses less than 1l/100km (282.5mpg imperial) – that started with the lozenge-shaped, tandem-seat 2003 1L and the later L1 of 2009. The XL1 actually beats that by sipping just 0.9 liters with CO2 emissions of 21g/km.

British manufacturer Atalanta Motors to make comeback

Ever heard of Atalanta Motors? We wouldn’t be surprised if you hadn’t as the British sports car manufacturer went out of business a long time ago. Owing to the outbreak of World War II, Atalanta Motors shut its doors back in 1939 after making only 21 cars.