At the end of December 2016, the stock of licensed motor vehicles stood at 358,947 up by 3.5 per cent over the end of 2015, the National Statistics Office said today.

Of these, 78.9 per cent were passenger cars, 13.5 per cent were commercial vehicles, 6.5 per cent were motorcycles/bicycles, while buses and minibuses accounted for less than one per cent. During this quarter the stock of licensed vehicles has increased at an average net rate of 30 vehicles per day

New licences issued during the period under review amounted to 5,312. The majority of new licences (4,008 or 75.5 per cent of the total) were issued to passenger cars, followed by motorcycles/bicycles with 641. Newly-licensed ‘new’ motor vehicles amounted to 2,267, or 42.7 per cent of the total, and newly licensed ‘used’ motor vehicles totalled 3,045.

As at the end of December last year, 217,836 vehicles, or 60.7 per cent of the total, had petrol engines. Vehicles with diesel engines reached 139,171, or 38.8 per cent of the total.

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