For the purpose of this subchapter the following definition shall apply unless the context clearly indicates or requires a different meaning.
"JUNKED MOTOR VEHICLE." A vehicle that does not display a current license plate and that:
(1) Is partially dismantled or wrecked; or
(2) Cannot be self-propelled or moved in the manner in which it originally was intended to move; or
(3) Is more than five years old and appears to be worth less than $100.
(G.S.§ 160A-303.2(a))