After falling by 3.7 percent in October, according to NADA data, wholesale price drops are expected to be a bit milder the rest of the year.

According to NADA's November edition of Guidelines, depreciation normally becomes more moderate from November through January before tax season sparks the usual spring spikes

This month, NADA expects depreciation to slow to a rate of 2.5 to 3 percent before lowering to roughly 1.5 percent in December.

This is a bit higher than last year’s depreciation of 1.8 percent and 1 percent, respectively, in November and December 2013.

As for what segments will see the biggest losses this month, NADA says trends will remain consistent.

For example, depreciation is expected to be the most severe among the mid-size vans, sub-compact and compact cars, and luxury cars.

“Depreciation for the group is expected to be at or above the high end of our forecast,” the report stated.

Mainstream and luxury mid-size cars and compact and mid-size utilities are expected to see price drops ranging from 2.2 to 2.6 percent.

And NADA expects prices for large pickups — which have showed strong retention trends this year — to fall by less than 2 percent this month.

In October, increasing supply and waning demand for late-model vehicles combined to create the perfect storm, putting downward pressure on wholesale prices.

And last month’s 3.7-percent average decline marked the fourth month in a row with depreciation at or above 3 percent.

“In general, segments where the influx of late-model supply has been greatest have experienced the largest declines in prices,” the report stated.

Last month, at the top of this list was the mid-size van segment. NADA reported volume for 2013 and 2014 model year units has nearly tripled since the end of the summer. This has caused prices for the segment to fall by 9 percent over the past two months. Once again, this segment is expected to lead depreciation for November, as well.