The stock of licensed motor vehicles at the end of last month stood at 346,918, 0.7 per cent higher than in the previous quarter, the National Statistics Office said.

It said 79.4 per cent were passenger cars, 13.7 per cent commercial vehicles and 5.8 per cent motorcycles. Buses and minibuses accounted for less than one per cent.

A total 5,445 new licences were issued in the fourth quarter, of which 4,360 were for passenger cars and 528 for motorcycles.

During the same period106 vehicles were exported, 2,139 garaged and 3,431 scrapped.

As at the end of December, 210,289 vehicles, or 60.6 per cent of the total, had petrol engines.

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