Taylor Made 803563 32x32 Sq Corner Charcoal on 2040-parts.com

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?

McLaren P1 performance figures confirmed

McLaren has confirmed performance statistics for its new P1 hybrid hypercar – and the official numbers are frankly amazing. We always knew the 2013 McLaren P1 was quick, but 0-62mph in 2.8 seconds, 0-124mph in 6.8 seconds, 0-186mph in 16.5 seconds and a 217mph top speed prove its astonishing pace. And it’ll return exceptional efficiency (given the performance) of 34.0mpg combined with 194g/km CO2.

GM’s Henderson offers a ray of hope for Sky, Solstice

There appears to be a slight glimmer of hope for fans of the Saturn Sky and the Pontiac Solstice. CEO Fritz Henderson said that General Motors would be willing to sell its Wilmington, Del., plant, which builds the Sky and the Solstice--two eye-catching performance cars--if a buyer specifically wanted those niche products, similar to what Chrysler offered with its Dodge Viper business.