End of December 2017: Stock of licensed motor vehicles stood at 372,061 – up by 3.7% over the same quarter in 2016

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http://maltawinds.com/2018/02/01/end-december-2017-stock-licensed-motor-vehicles-stood-372061-3-7-quarter-2016/

Administrative data obtained from Transport Malta published by the National Statistics Office (NSO) show that, at the end of December last year, the stock of licensed motor vehicles stood at 372,061. Of these, 78.4 per cent of the total stock of licensed vehicles were passenger cars, 13.6 per cent were commercial vehicles, 6.9 per cent were motorcycles/ quadricycles and ATV’s, while buses and minibuses accounted for less than one per cent. During this quarter, the stock of licensed vehicles has increased at a net average rate of 30 vehicles per day, while it increased at an average yearly rate of 36 vehicles per day during 2017.

New licences

New licences issued during the period under review amounted to 5,889. The majority of new licences, 4,423 or 75.1 per cent of the total were issued to passenger cars, followed by goods-carrying vehicles with 705. Newly-licensed ‘new’ motor vehicles amounted to 2,333, or 39.6 per cent of the total, and newly licensed ‘used’ motor vehicles totalled 3,556. An average of 64 vehicles per day were newly licensed during the quarter under review. On an annual perspective, during 2017, an average of 68 vehicles per day were newly licensed.

Out of action

During the quarter under review, 6,687 vehicles were taken off the roads due to a restriction. Out of these, 40.4 per cent were put for resale, 29.7 per cent were garaged while 27.7 per cent were scrapped, the majority being passenger cars. Conversely, vehicles which had their restriction ending during the fourth quarter of last year totalled 3,539. The majority were marked as resale (2,459) and garaged (1,047).

Engine type

As at the end of December last year, 224,525 vehicles, or 60.3 per cent of the total, had petrol engines. Vehicles with diesel engines reached 144,982, or 39.0 per cent of the total.