Newspaper article THE JOURNAL RECORD

Vehicle Registrations Fall to Lowest Level since 1977

Newspaper article THE JOURNAL RECORD

Vehicle Registrations Fall to Lowest Level since 1977

Article excerpt

Vehicle registrations in Oklahoma for the fiscal year ended Nov. 30 fell to the lowest level since 1977, according to the Oklahoma Tax Commission Motor Vehicle Division annual vehicle registration report released Thursday.

Registrations during the year totaled 2.66 million, down 13.2 percent from the 3.06 million vehicles registered in the fiscal year ended Nov. 30, 1986. Revenues collected from the registrations, the report showed, were $196.79 million, down 4.6 percent from $206.37 million for the fiscal year ended Nov. 30, 1986.

The registrations figure was the lowest for the state since 2.57 million vehicles were registered in 1977. It was also the first year since 1981 that the number of vehicles registered was below 3 million.

Revenues from registrations in 1977, the report showed, were $96.87 million.

Although registrations have generally increased since 1977, in 1983, 1984 and 1985, there were slight declines from previous year totals. Registrations showed a slight increase in 1986, but fell in 1987. There were 3.09 million vehicle registrations in the fiscal year ended Nov. 30, 1982, the most for any year.

Revenues from those registrations, however, continued to increase annually.

The 1987 drop in vehicle registration was noted in most categories of vehicles, according to the report. Only registrations for rental trailers, mopeds, and new and used vehicle dealer plates and licenses increased from 1986.

Registrations in the other 17 categories dropped from 1986.

Other significant items covered in the report include:

- Automobile registrations, which account for 81 percent of the total vehicles in the state, totaled 2.2 million for revenues of $154.72 million, or 78 percent of total registration revenues.

Like most other categories, automobile registrations and revenues dropped for the year. However, in the previous three years there were increases in both automobile registration and revenues. …

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