As used in this chapter, unless the context otherwise requires, the following terms shall have the meanings indicated:
A passenger automobile, truck, tractor-truck, trailer, bus, motorcycle or other vehicle, however propelled, as well as tractors, bulldozers, and similar machinery and equipment.
Any person who has been duly licensed by the State of New York as a used car dealer and who is selling, exchanging or otherwise disposing of used or secondhand motor vehicles in the Village, where said used or secondhand motor vehicles have not been acquired by said person in a trade-in transaction arising from and out of the sale or disposition at retail of new motor vehicles in the Village or acquired under dealers' franchises with manufacturers, shall be deemed to be engaged in the business of dealing in secondhand motor vehicles.