When recapping reports from contacts detailing used-car activity in their respective regions, the Federal Reserve’s latest Beige Book described the used-sales market in the latest reporting period as “mixed.”

Starting off with insight from the Second District (New York), the report summed up used sales as “soft,” but did offer some silver linings, one of those being strength in new-car sales and another being solid wholesale conditions.

“Sales of used automobiles, in contrast, have remained soft,” the report indicated. “Wholesale and retail credit conditions for auto purchases are again reported to be in good shape.”

Next up in the used-car roundup is Cleveland, where a “large” month-over-month hike in used sales was reported for October, the Fed reported.

The strength in used sales was illustrated in even further detail in the Eighth District (Cleveland). The

Fed pointed out that a third of its contacts said their used sales increased compared to new sales. It was vice versa for a quarter of the Fed’s contacts.

Editor's Note: Want further details of how the used-vehicle market fared in different pockets of the U.S. this fall? Stay tuned to Auto Remarketing this week for a report breaking down used sales data throughout a bevy of states.