Net Average 33 New Motor Vehicles Per Day In Q3

In the third quarter of 2024, the stock of licensed motor vehicles rose by 3,030 from the previous quarter, reaching a total of 443,193 by the end of September, NSO reported.

Among these, 74.3% were passenger cars, 14.3% were commercial and agricultural vehicles, and 10.8% comprised motorcycles, E-bikes, PA-bikes, E-kick scooters, quadricycles, and All-Terrain Vehicles (ATVs).

Buses and minibuses accounted for less than 1%. The net average increase during the quarter was 33 vehicles per day.

A total of 5,621 newly licensed motor vehicles were registered during this period, with 3,579 (63.7%) being passenger cars and 1,114 (19.8%) motorcycles/E-bikes/PA-bikes.

Newly licensed ‘new’ motor vehicles totalled 3,165 (56.3%), while ‘used’ motor vehicles amounted to 2,456 (43.7%). An average of 61 vehicles were newly licensed each day.

During the quarter, 6,396 vehicles were removed from the road due to restrictions, with 40.7% garaged, 31.0% resold, and 26.6% scrapped. Restrictions ended for 4,049 vehicles, primarily garaged (50.2%) or resold (48.7%).

As of September 2024, 58.4% of vehicles had petrol engines, 35.3% diesel engines, and 3.6% electric or plug-in hybrids, marking increases in electric and hybrid vehicle registrations.

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