Report Abuse. Hello, Yes, 'biannual' means twice a year. It is biennial (note the spelling is ONE letter different!!!) that means every two years. You can also use the term semi-annual for twice a year. Now I was ready to tell you different and then I looked it up in this source: http://www.bartleby.com/68/34/834.html. This is always a great source for many language questions: www.bartleby.com --I was using the 'usage' section for this question.
Fortunately, depreciation does not continue at this rate, but it is still faster for new cars than for old ones. On average, a new car will lose as much as 19 percent of its value in its first year of ownership. That means that your $20,000 new car will be worth about $16,200 after just one year. With each successive year, the rate of depreciation decreases significantly. Check out the car depreciation chart to see how a new car may decrease in value over the first five years.
Edmunds' analysis found that average used car prices hit a record high of $18,800 in the second quarter, up 7.6 percent â or $1,300 per vehicle â from the second quarter of 2014. Meanwhile, the average age of used cars sold in Q2 2015 was 4.5 years, down from an average of 4.9 years the same time last year.