McLEAN, Va. -

As tax season came to an end, prices in the lanes began falling in April.

According to NADA data, auction prices declined by 1.4 percent last month, causing its Used Vehicle Price Index to fall to 124.3, down from March’s level of 124.5

And per seasonal norms, that pace of decline is expected to pick up this month and into the summer.

According to NADA Used Car Guide’s latest Guidelines report, prices of used vehicles up to 8 years old are expected to see prices decline by 2.7 percent in May, followed by a 2-percent drop in June.

If the results add up, the price declines for the two months will match last year’s rate trends at auction, NADA UCG analysts pointed out.

On a segment basis, subcompact, compact and midsize car prices are expected to see prices fall by almost 3 percent this month. This trend could be in part due to market correction after prices for these units spiked earlier in the year due to tax-season interest.

According to the report, midsize utilities, large SUVs and large pickup prices are expected to drop by 2.5 percent, slightly slower than the expected average.

Luxury segment price movement is expected to vary, with rates dropping within the range of 2.5 to 3.5 percent. NADA UCG reported the bigger losses will be seen in the luxury midsize and large car segments.

In April, according to the report, cars fared worse than trucks, a reoccurring theme from 2014 that has shown up once again this spring.

Some of the biggest price declines last month were seen in the car segments, with subcompact and mid-size car prices falling by an average of 1.7 percent compared to March, while compact car prices fell off by 1.4 percent.

The midsize van segment was the only truck segment last month to see a similar depreciation slide as the car segments, with rates falling by 1.6 percent.

In comparison, depreciation for both mainstream and luxury pickups and utilities averaged just 0.6 percent.