Rockybid.com, a new online auction website, successfully launch last month but they are planning to lose money on every item until the end of the year. Some recently closed items sold for dirt cheap are a Tom Tom GPS, an iPod Touch and a Nintendo Wii. Biggest ticket item is the 2010 Honda Insight which should close in a week for a bargain

Rockybid.com, a new online auction website, has compiled statistics regarding company revenue, web traffic and user demographics for its first month in operation. Despite a successful launch, the "omega auction" site, as they refer to themselves, is not looking to post profits until Q4 of 2009. This structure creates highly inflated discount opportunities for users.

Because of our low user base, the Honda Insight is likely to sell for more than 90% off!

According to Rockybid, omega auctions differ from other auctions in that the final bidder in the countdown wins. An omega auction does not cater to the highest bidder the way a traditional auction does, rather it is designed to reward the bidder who remains when the time limit ends. The model on which these auctions are based allows each bidder to contribute to the overall price of the product, as the increases in bidding price are completely linked to the number of bids.

However, this model also requires a large pool of users to generate profits. As their site and membership grow, Rockybid has reconfigured their plan so that they can accept a significant deficit before they recoup their losses in Q4. They are hoping that the 90-95% savings offered on their site will draw users interested in purchasing items such as a Nintendo Wii for less than $4, as was recently sold. Other recent Rockybid sales include an iPod Touch for just over $1, a Tom Tom GPS for $0.35, a fifty-dollar gift card to Amazon.com for $0.10, a PC laptop for $1.93, and a Samsung flatscreen TV for $0.47.

The biggest-ticket item that Rockybid is auctioning off is the 2010 Honda Insight Honda Insight, the new Hybrid built by Honda to compete with Toyota's well known Prius. "Because of our low user base, the Honda Insight is likely to sell for more than 90% off!" says Scott Emerson, customer service representative for Rockybid. That auction is set to close on Sunday, May 17.

"In addition to the enormous savings on our top of the line items, we are constantly giving away perks to our users," added Emerson. Free bids are available for just signing up with Rockybid as well as for participating in their rewards system. Through the referral program, 5 free bid is awarded to each referring user w hen the new user purchases an initial bid package. Even if members don't win in an auction, they can still receive prizes for used bids.

The 2010 Volkswagen Golf on display at the New York International Auto Show has been named World Car of the Year. Introduced at last year’s Paris Auto Show and known as the Rabbit in earlier U.S. versions, this sixth- generation sporty hatchback from VW beat out top finalists Ford Fiesta and Toyota iQ for the highly coveted honor.

Now itself in a sixth iteration, the World Car of the Year award is the decision of an independent jury of 59 automotive journalists from 25 countries. This year’s initial list began with 51 entries from the world’s automakers, whittled down on the basis of merit, value, safety, environment, significance and emotional appeal. In addition to the top three, other finalists for World Car of the Year honors included the Audi A4/Avant, BMW 7 Series, Citroën C5 Sedan/Tourer, Fiat 500, Honda Fit/Jazz, Jaguar XF, Mazda Atenza/Mazda6 and Nissan GT-R. (It has been quite a year for significant new cars.)

The automotive specialists identified the new Golf’s more aggressive styling as part of its appeal. Its front end displays sporty mesh ductwork integrated into a new grille design. Trendy headlight clusters are part of its distinct character. Overall, the Golf VI appears more taut, more sculpted than the car it replaces. The car’s interior is upgraded from that of the previous generation, decidedly more posh, with hardly anything recalling traditional Teutonic asceticism. A cloaked instrument panel integrates neatly with controls and display screen in its center console. Altogether, the car offers an upscale ambience compared with that of its predecessor.

Worldwide, the Golf has a bewildering total of six different powerplant choices, including a 1.4-liter TSI 4-cylinder featuring compound forced induction, both super- and turbocharging. Two engine choices see initial U.S. availability. The standard Golf VI has a 2.5-liter inline-5 gasoline engine rated at 157 bhp and 177 lb.- ft. of torque. A 2.0-liter turbocharged direct-injected 4-cylinder TDI diesel produces 137 bhp and an impressive 236 lb.-ft. of torque. VW expects this TDI to add to the success of its Jetta TDI in an evolving U.S. diesel market. Based on European assessments of fuel consumption, the Golf TDI is expected to post ratings approaching 50 mpg.

The Golf has a MacPherson strut front suspension and a four-link system at the rear. Sport-tuned variants lower the ride height by as much as 2.0 inches. The gasoline-fueled Golf gets 195/65R-15 all-season tires. The TDI’s are sportier, wider and of lower profile, 225/45R-17s, also all-season but of higher performance intent.

And then there’s the GTI, the enthusiast’s variant of the new Golf, a separate model really. The GTI is powered by VW’s 2.0-liter turbocharged inline-4 producing 210 bhp and 206 lb.-ft. of torque. It’s available with either a 6-speed manual transmission or VW’s DSG (as in Direkt Schalt Getriebe, i.e., Direct Shift Gearbox).

The Golf has been an extremely successful model for the Wolfsburg, Germany, based automaker. Since 1974 VW has sold more than 26 million Golfs in 120 countries around the world. In fact, at one time or another, the model has been manufactured in more than a few countries. First-generation Rabbits were produced in the late 1970s in Westmoreland County, Pennsylvania. VW was the first European automaker to establish production facilities in the U.S. in the modern era.

The new Audi GT3 R8 sports car is a race car that will enter into some of the great races of the world sometime next year.

Power for the Audi GT3 has been boosted to 500hp and the engineers digged deep into the technics to conform with GT3 standards. The four-wheel-drive system had to be replaced with a more conventional GT rear-wheel drive system and it is also equipped with a newly developed six-speed sports sequential gear box.

The Audi GT3 is a super sports car indeed.

The Porsche 911 GT2 has a 50 hp upgrade over the standard 997 Turbo for a total of 530hp. This power increase is courtesy of two turbochargers with a larger compressor wheel and a flow-optimized turbine housing.

The GT2 is only available with a 6 speed manual gearbox and RWD to cater to the real car enthusiasts and provide the best performance possible. The new Porsche GT2 does 0-60mph in 3.6 seconds and top speed of 204mph.

It is scheduled to make its North American debut in early 2008 at a US price of $191,700.

The Maserati Edo Competition MC12 Corsa is an amazing race car, with 755 bhp and 546 lb-ft of torque and a light weigth of 2,529 lbs.

The 6.0-liter V12 now announces its power through a newly developed Edo competition high-flow exhaust system – and it does so with a soundtrack guaranteed to induce goose bumps!

The independently adjustable compression and rebound damping permits truly individual suspension setups. The unique system, with its three different adjustments, allows for low-speed compression damping characteristics to be altered while the high-speed settings, having a strong influence on ride-quality, remain constant. True racing technology for the road!

The Lamborghini Reventon is an extreme super sports car without equals.

With only 20 produced (each 1 Million Euro), Lamborghini Reventon is a symbol of extreme exclusivity with extraordinary performance through the entire technical and dynamic competence of the twelve cylinder Lamborghini.

Lamborghini prides itself on being the extraordinary manufacturer of extreme super sports cars without compromise. The Reventon was inspired by the fastest airplanes and perfected to the last detail.

The Shelby Supercars Ultimate Aero Twin Turbo set the new World’s Fastest Production Car record with an average top speed of 255.83 mph.

On a temporarily-closed 2 lane public highway in Washington State, the SSC Ultimate Aero posted a top speed of 257.11 mph (413.83 kph) on its first pass and 254.55 mph (409.71 kph) on its return pass, achieving a new top speed record: a staggering 255.83 mph (411.76 kph).

SSC used a turbo V8 outputting 1183 HP and 1094 lbs. of torque. The use of lightweight carbon fiber materials allows for a low dry weight of 2750 lbs. giving the Aero TT the production record for lbs/hp ratio at 2.33.

The Ultimate Aero achieved 0-60 mph in 2.78 seconds and 1/4 Mile in 9.90 seconds at 144 mph.
The Aero TT is not completely stripped either, it features air conditioning, power windows, power mirrors, a navigation system, and a 10 speaker Audio/CD/DVD. Base price is expected to be around $585,000.

The new 2010 Ferrari California is the first hard-top convertible ever produced by Ferrari and the first to feature a mid-front positioned engine.

Ferrari California features a new 4.3 liter V8 with direct injection and a flat crankshaft that will put out 460HP. The result is a 0-60mph of under 4 seconds.

The 2010 Ferrari California is a true super sports car!

The new 2009 Corvette ZR1 is a fast and powerful sports car. It has a 6.2-liter surpercharged engine with 638hp. The acceleration of 0-60mph time of just 3.4 seconds will make it reach reach 100mph from standstill in 7 seconds flat.

The final MSRP of the new Corvette is $103,300 including the destination charge, but it will have a $1700 gas guzzler tax added on top of this.

The 2009 Corvette ZR1 is super sports car indeed.