The average price of a used vehicle for model years 2010 through 2014 depreciated by 0.5 percent month-over-month in May, according to Black Book data. Cars saw slightly higher depreciation during that period at 1.0 percent, while trucks saw a 0.2-percent slide for the month.

Subcompact cars saw the largest depreciation in May at 2.4 percent. Vehicles in this segment, which include the Ford Fiesta, Hyundai Accent, Kia Soul, Chevrolet Sonic, Fiat 500 and the Nissan Versa, finished the month with an average price of $6,683, a 26.1-percent decrease from year-ago levels ($9,048).

Compact vans and cars saw similarly steep month-over-month declines, with the former dropping 2.2 percent and the latter falling 1.6 percent. Compact vans finished the month with an average price of $10,017, a 25-percent downward change from year-ago levels ($13,354), while compact cars finished the month with an average price of $8,070, a  22.6-percent decrease from year-ago levels ($10,425).

Minivan values were unchanged month-over-month during May. Vehicles in this segment, which include the Chrysler Town and Country, Kia Sedona, Dodge Grand Caravan, Nissan Quest and Toyota Sienna, finished the month with an average price of $15,206, a 17.2-percent dip from year-ago levels ($18,356).

Four vehicle segments saw sequential value increases during the month: full-size cars (up 0.1 percent), full-size pickup (up 0.1 percent), sporty car (up 0.2 percent) and subcompact luxury CUV (up 0.3 percent). Year-over-year, those segments were down 16.1 percent, 11.9 percent, 18.1 percent and 18.7 percent, respectively. 

All segments were down year-over-year, with subcompact cars showing the largest decrease (26.1 percent). 

“Now that summer is quickly approaching, it is not surprising to see in-demand segments such as sporty cars and subcompact luxury utilities see better demand and retention at the auctions currently,” said Anil Goyal, senior vice president of automotive valuation and analytics.

“We anticipate that this summer will see its usual pattern of higher depreciation settling in for most cars and even slightly higher patterns for certain truck segments due to higher volume.”