They have so many different sellers and vehicles now that you get just about every type of buyer. The simplest way to put it is that for the late model insurance wrecks that are used primarily for parts, LKQ (billion dollar corp) sets the baseline with every auction. If they need inventory it's very difficult to buy those types of vehicles that day, so the key is to be prepared every day so if they don't need inventory you can snag some cars. The rest of the buyers are smaller recyclers and independent builders that repair the cars so the price of those cars fluctuate more. IE: LKQ doesn't go fishing and not bid on cars. Bottom line is, it's common to have over 2000 bidders logged into ONE lane at an auction with about 150-200 vehicles for sale. There may be a few deals in that group, but probably not the car you were looking at.
