This is no typo nor scam folks. The deal is for real. We all know that the estimated cost for buying a new 2010 Honda Insight plays around the retail price of $19,800.00 but it seems that Rockybid.com actually auctioned off one for a measly $1.24!

What gives? Well you can go to this site and check it out for yourself. It is not solely for cars. They also cater to other electronics and highly demanded products which include iPods, laptops, netbooks and game consoles.

Rockybid.com is a new online auction website that makes prizes available to users for negligible prices. Although Rockybid expected the Insight to sell far below its ticket price, the remarkable final bid came as a complete shock. The site auctions off other items at significant discounts as well, including brand new flat screen TVs, digital cameras, Nintendo Wiis, iPods, iPhones, cell phones, GPS systems, vacation packages, laptops, netbooks, PC computers and XBOX 360’s.

Shortly after the auction resumed on Wednesday, May 20th, user JANEMEGG of PA won the 2010 Honda Insight auction after an extremely short bidding war with only one other user. Rockybid is currently in discussions with venues and potential sponsors for the event that will take place within the next 30 days.

(Source) PR Web

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GPS systems are coming out one after the other and normally they are meant to serve as guides and to help in improved economical fuel consumption. Apparently not all people are good at directions and this new concept Intelligent Learning Navigation System dubbed “ILENA” for the BMW is bound to be a big help.

BMW has hinted at the future of navigation units with their upcoming Intelligent Learning Navigation System dubbed “ILENA,” that learns owners’ driving habits and analyzes a car’s current location to predict where the driver may want to go next.

And, this detective ability will be accurate 80 percent of the time. Besides keeping track of your daily destinations, BMW claims increased efficiency by adapting to the owner’s seating preferences and rear view mirror, making it even more convenient to wheel around. BMW says the system won’t be road-ready for about five years or so.

(Source) Edmunds

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