This division does not apply to:
(a) A vehicle in operable condition specifically adapted or constructed for operation on privately owned raceways;
(b) A vehicle stored as the property of a member of the armed forces of the United States who is on active duty assignment;
(c) A vehicle located on a vehicle sale lot or at a commercial vehicle servicing facility;
(d) A vehicle located upon property licensed or zoned as an automobile scrap yard; or
(e) A vehicle registered and licensed under I.C., 9-18-12, as an antique vehicle.
(`91 Code, § 6-121) (Ord. D-832, § 6-121, 9-22-92)