Singapore Motor Vehicles Sales Growth

2011 - 2024 | Monthly | % | CEIC Data

Key information about Singapore Motor Vehicles Sales Growth

  • Singapore Motor Vehicles Sales grew 14.9 % in Dec 2024, compared with a growth of 44.7 % in the previous month.
  • Singapore Motor Vehicles Sales Growth rate is updated monthly, available from Jan 2011 to Dec 2024, with an average growth rate of -24.1 %.
  • The data reached an all-time high of 1,930.6 % in May 2021 and a record low of -97.2 % in May 2020.
  • Car Sales of Singapore recorded 6,337.0 units in Dec 2024.

CEIC calculates monthly Motor Vehicles Sales Growth from monthly Motor Vehicles Sales. ASEAN Automotive Federation provides Motor Vehicles Sales.

View Singapore's Motor Vehicles Sales Growth from Jan 2011 to Dec 2024 in the chart:

Singapore Motor Vehicles Sales Growth

What was Singapore's Motor Vehicles Sales Growth in Dec 2024?

Singapore Motor Vehicles Sales grew 14.9 % in Dec 2024, compared with a growth of 44.7 % in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
14.9 Dec 2024 44.7 Nov 2024 -97.2 May 2020 1,930.6 May 2021 % monthly Jan 2011 - Dec 2024

Motor Vehicles Sales Growth by Country Comparison

country/region Last Frequency Range
Albania (%) 38.9 2019 yearly 2006 - 2019
Algeria (%) -1.8 2019 yearly 2006 - 2019
Argentina (%) -31.6 Apr 2026 monthly Jan 1997 - Apr 2026
Armenia (%) -32.8 2019 yearly 2006 - 2019
Australia (%) 2.2 Apr 2026 monthly Jan 1995 - Apr 2026
Austria (%) 6.0 2024 yearly 2006 - 2024
Azerbaijan (%) 67.5 2019 yearly 2006 - 2019
Bahrain (%) -16.0 2019 yearly 2006 - 2019
Bangladesh (%) 5.4 2019 yearly 2006 - 2019
Belarus (%) 20.9 2019 yearly 2006 - 2019
Belgium (%) -5.6 2024 yearly 2006 - 2024
Bolivia (%) -12.1 2019 yearly 2006 - 2019
Bosnia and Herzegovina (%) -52.5 2019 yearly 2006 - 2019
Botswana (%) -87.1 2019 yearly 2006 - 2019
Brazil (%) 19.0 Apr 2026 monthly Jan 2003 - Apr 2026
Brunei (%) 20.1 Nov 2020 monthly Jan 2011 - Nov 2020
Bulgaria (%) 17.2 2024 yearly 2006 - 2024
Cambodia (%) 12.6 2019 yearly 2006 - 2019
Canada (%) -0.9 Feb 2026 monthly Jan 1947 - Feb 2026
Chile (%) 4.5 Apr 2026 monthly Jan 2015 - Apr 2026
China (%) -2.5 Apr 2026 monthly Jan 2001 - Apr 2026
Colombia (%) 31.1 Feb 2026 monthly Jan 2004 - Feb 2026
Croatia (%) 12.5 2024 yearly 2006 - 2024
Cyprus (%) -3.9 2019 yearly 2006 - 2019
Czech Republic (%) 10.2 Dec 2020 monthly Jan 2012 - Dec 2020
Denmark (%) 1.3 2024 yearly 2006 - 2024
Ecuador (%) -24.4 2024 yearly 2006 - 2024
Egypt (%) 12.6 2024 yearly 2006 - 2024
Estonia (%) 18.6 2019 yearly 2006 - 2019
Finland (%) -14.5 2024 yearly 2006 - 2024
France (%) -2.4 2024 yearly 2006 - 2024
Georgia (%) -3.4 2019 yearly 2006 - 2019
Germany (%) -0.4 2024 yearly 2006 - 2024
Ghana (%) -19.4 2019 yearly 2006 - 2019
Greece (%) 2.2 2024 yearly 2006 - 2024
Hong Kong SAR, China (%) -12.8 2019 yearly 2006 - 2019
Hungary (%) 12.1 2024 yearly 2006 - 2024
Iceland (%) -34.2 2019 yearly 2006 - 2019
India (%) 2.8 Mar 2022 monthly May 2002 - Mar 2022
Indonesia (%) 55.0 Apr 2026 monthly Jan 1990 - Apr 2026
Iran (%) -31.7 2019 yearly 2006 - 2019
Ireland (%) 0.8 2024 yearly 2006 - 2024
Israel (%) -0.3 2024 yearly 2006 - 2024
Italy (%) -2.6 2025 yearly 2006 - 2025
Ivory Coast (%) 15.8 2019 yearly 2006 - 2019
Japan (%) 9.1 Apr 2026 monthly Jan 1992 - Apr 2026
Jordan (%) 3.6 2019 yearly 2006 - 2019
Kazakhstan (%) 0.7 2024 yearly 2006 - 2024
Kenya (%) -23.9 2019 yearly 2006 - 2019
South Korea (%) 0.7 Apr 2026 monthly Jan 1995 - Apr 2026
Kuwait (%) -0.9 2024 yearly 2006 - 2024
Kyrgyzstan (%) -35.8 2019 yearly 2006 - 2019
Laos (%) 16.8 2019 yearly 2006 - 2019
Latvia (%) 0.8 2019 yearly 2006 - 2019
Lebanon (%) -33.8 2019 yearly 2006 - 2019
Lithuania (%) 30.7 2019 yearly 2006 - 2019
Luxembourg (%) 4.4 2019 yearly 2006 - 2019
North Macedonia (%) 5.9 2019 yearly 2006 - 2019
Malawi (%) 1.6 2019 yearly 2006 - 2019
Malaysia (%) -13.0 Mar 2026 monthly Jul 1995 - Mar 2026
Malta (%) -6.1 2019 yearly 2006 - 2019
Mauritius (%) 3.0 2019 yearly 2006 - 2019
Mexico (%) 1.9 Mar 2026 monthly Jan 1996 - Mar 2026
Moldova (%) 7.7 2019 yearly 2006 - 2019
Mongolia (%) -41.0 2019 yearly 2006 - 2019
Morocco (%) 9.2 2024 yearly 2006 - 2024
Myanmar (%) 43.8 2019 yearly 2006 - 2019
Nepal (%) 3.5 2019 yearly 2006 - 2019
Netherlands (%) 16.5 2024 yearly 2006 - 2024
New Zealand (%) 6.9 2025 yearly 1976 - 2025
Nigeria (%) -42.4 2019 yearly 2006 - 2019
Norway (%) 0.1 2024 yearly 2006 - 2024
Oman (%) -0.2 2019 yearly 2006 - 2019
Pakistan (%) 105.3 Apr 2026 monthly Jul 2006 - Apr 2026
Palestinian Territory (%) -25.3 2019 yearly 2006 - 2019
Panama (%) 42.5 Mar 2026 monthly Jan 2006 - Mar 2026
Paraguay (%) -15.0 2019 yearly 2006 - 2019
Peru (%) -11.1 2024 yearly 2006 - 2024
Philippines (%) -10.4 Mar 2026 monthly Jan 1997 - Mar 2026
Poland (%) 12.5 2024 yearly 2006 - 2024
Portugal (%) 9.1 Mar 2026 monthly Jan 2001 - Mar 2026
Qatar (%) 0.1 2019 yearly 2006 - 2019
Romania (%) 6.1 2024 yearly 2006 - 2024
Russia (%) 14.1 Apr 2026 monthly Jan 2009 - Apr 2026
Saudi Arabia (%) 6.1 2024 yearly 2006 - 2024
Serbia (%) 4.5 2019 yearly 2006 - 2019
Singapore (%) 14.9 Dec 2024 monthly Jan 2011 - Dec 2024
Slovakia (%) 4.2 2024 yearly 2006 - 2024
Slovenia (%) -14.9 2022 yearly 2006 - 2022
South Africa (%) 13.0 Apr 2026 monthly Jan 2004 - Apr 2026
Spain (%) 8.1 2024 yearly 2006 - 2024
Sri Lanka (%) -27.0 2019 yearly 2006 - 2019
Sudan (%) -13.8 2019 yearly 2006 - 2019
Sweden (%) -8.0 2024 yearly 2006 - 2024
Switzerland (%) -4.2 2024 yearly 2006 - 2024
Syria (%) 62.8 2019 yearly 2006 - 2019
Taiwan, China (%) 4.9 Apr 2026 monthly Jan 1998 - Apr 2026
Tajikistan (%) 0.8 2019 yearly 2006 - 2019
Thailand (%) 7.3 Mar 2026 monthly Dec 1992 - Mar 2026
Tunisia (%) -5.3 2019 yearly 2006 - 2019

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Singapore Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) 3.0 Dec 2025 quarterly Mar 2012 - Dec 2025
Consolidated Fiscal Balance (USD mn) -8,317.834 Mar 2026 monthly Apr 2011 - Mar 2026
Tax Revenue (USD mn) 6,038.137 Mar 2026 monthly Aug 1987 - Mar 2026
Tax Revenue: % of GDP (%) 10.9 Dec 2025 quarterly Dec 1987 - Dec 2025
National Government Debt (USD mn) 1,019,617.5 Dec 2025 quarterly Mar 1990 - Dec 2025
Government Debt: % of GDP (%) 166.1 Dec 2025 quarterly Mar 1990 - Dec 2025
Forecast: Government Expenditure (SGD bn) 186.474 2032 yearly 1991 - 2032
Forecast: Government Net Debt (SGD bn) 1,837.725 2032 yearly 1991 - 2032
Forecast: Government Revenue (SGD bn) 205.775 2032 yearly 1991 - 2032
Govt Revenue: Operating (SGD mn) 9,703.500 Mar 2026 monthly Jan 2003 - Mar 2026
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 0.602 2031 yearly 1980 - 2031
Trade Balance (USD mn) 8,767.0 Mar 2026 monthly Jan 1976 - Mar 2026
Total Exports (USD mn) 63,953.8 Mar 2026 monthly Jan 1976 - Mar 2026
Total Exports Growth (%) 42.2 Mar 2026 monthly Jan 1977 - Mar 2026
Aluminum: Exports (USD th) 804,810.730 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 8,129,174.836 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 9,478,814.484 2024 yearly 1995 - 2024
Total Imports (USD mn) 55,186.8 Mar 2026 monthly Jan 1964 - Mar 2026
Total Imports Growth (%) 35.5 Mar 2026 monthly Jan 1965 - Mar 2026
Imports: Medicament (USD th) 2,332,947.888 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 3,832,220.692 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 4,769.459 Mar 2026 monthly Jan 1976 - Mar 2026
Total Imports from USA (USD mn) 5,151.375 Mar 2026 monthly Jan 1976 - Mar 2026
Total Exports to China (USD mn) 6,547.202 Mar 2026 monthly Jan 1975 - Mar 2026
Total Imports from China (USD mn) 5,674.898 Mar 2026 monthly Jan 1975 - Mar 2026
Exports: YoY Growth (%) 41.224 Mar 2026 monthly Jan 1965 - Mar 2026
Imports: YoY Growth (%) 35.514 Mar 2026 monthly Jan 1965 - Mar 2026
Export: sa: MoM Growth (%) 20.715 Mar 2026 monthly Feb 1976 - Mar 2026
Import: sa: MoM Growth (%) 11.702 Mar 2026 monthly Jan 1974 - Mar 2026
Exports: Non Oil (SGD mn) 40,168.70 Jul 2018 monthly Jan 1964 - Jul 2018
Re Exports: Non Oil (SGD mn) 22,035.26 May 2018 monthly Jan 1976 - May 2018
Domestic Exports: Non Oil (SGD mn) 17,289.94 May 2018 monthly Jan 1976 - May 2018
Export Value Index (2015=100) 135.500 2023 yearly 1980 - 2023
Import Value Index (2015=100) 142.500 2023 yearly 1980 - 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 33,615.7 Dec 2025 quarterly Mar 1995 - Dec 2025
Current Account Balance (USD mn) 31,041.5 Dec 2025 quarterly Mar 1986 - Dec 2025
Current Account Balance: % of GDP (%) 19.2 Dec 2025 quarterly Mar 1986 - Dec 2025
Foreign Direct Investment (USD mn) 45,171.7 Dec 2025 quarterly Mar 1995 - Dec 2025
Foreign Direct Investment: % of GDP (%) 27.9 Dec 2025 quarterly Mar 1995 - Dec 2025
Foreign Portfolio Investment (USD mn) 14,964.357 Dec 2025 quarterly Mar 1995 - Dec 2025
Foreign Portfolio Investment: % of GDP (%) 9.3 Dec 2025 quarterly Mar 1995 - Dec 2025
External Debt (USD mn) 2,469,353.0 Dec 2025 quarterly Jun 2003 - Dec 2025
External Debt: % of GDP (%) 402.2 2025 yearly 2003 - 2025
External Debt: Short Term (USD mn) 1,523,270.5 Dec 2025 quarterly Jun 2003 - Dec 2025
External Debt: Short Term: % of GDP (%) 248.1 2025 yearly 2003 - 2025
Forecast: Current Account Balance (USD bn) 134.295 2031 yearly 1980 - 2031
Net International Investment Position (USD mn) 1,080,064.391 Dec 2025 quarterly Dec 2013 - Dec 2025
BoP: FA: Direct Investment (SGD mn) -14,978.900 Dec 2025 quarterly Mar 1986 - Dec 2025
BoP: FA: Portfolio Inv: Liabilities (SGD mn) 19,396.800 Dec 2025 quarterly Mar 1995 - Dec 2025
BoP: Net Errors and Omissions (SGD mn) -1,898.200 Dec 2025 quarterly Mar 1986 - Dec 2025
BoP: CA: Goods: Exports (SGD mn) 232,813.000 Dec 2025 quarterly Mar 1986 - Dec 2025
BoP: Official Reserves (OR): Net (SGD mn) 21,431.600 Dec 2025 quarterly Mar 1986 - Dec 2025
BoP: FA: Others: Assets (SGD mn) 102,804.700 Dec 2025 quarterly Mar 1986 - Dec 2025
BoP: FA: Financial Derivatives (SGD mn) 2,232.200 Dec 2025 quarterly Mar 2006 - Dec 2025
BoP: CA: Services: Imports (SGD mn) 129,536.000 Dec 2025 quarterly Mar 1986 - Dec 2025
BoP: FA: Direct Investment: Assets (SGD mn) 43,572.700 Dec 2025 quarterly Mar 1995 - Dec 2025
BoP: Current Account (CA) Balance (SGD mn) 40,236.000 Dec 2025 quarterly Mar 1986 - Dec 2025
BoP: FA: Others: Liabilities (SGD mn) 82,514.900 Dec 2025 quarterly Mar 1986 - Dec 2025
BoP: FA: Financial Derivatives: Assets (SGD mn) 3,926.100 Dec 2025 quarterly Mar 2006 - Dec 2025
BoP: CA: Primary Income Balance (SGD mn) -32,749.800 Dec 2025 quarterly Mar 1986 - Dec 2025
BoP: FA: Portfolio Investment (SGD mn) 9,363.100 Dec 2025 quarterly Mar 1986 - Dec 2025
BoP: CA: Services: Exports (SGD mn) 140,647.700 Dec 2025 quarterly Mar 1986 - Dec 2025
BoP: CA: Services: Balance (SGD mn) 11,111.700 Dec 2025 quarterly Mar 1986 - Dec 2025
BoP: Financial Account (FA): Net (SGD mn) 16,906.200 Dec 2025 quarterly Mar 1986 - Dec 2025
BoP: FA: Direct Investment: Liabilities (SGD mn) 58,551.600 Dec 2025 quarterly Mar 1995 - Dec 2025
BoP: FA: Others (SGD mn) 20,289.800 Dec 2025 quarterly Mar 1986 - Dec 2025
BoP: CA: Primary Income Balance: Payment (SGD mn) 105,968.200 Dec 2025 quarterly Mar 1986 - Dec 2025
BoP: CA: Primary Income Balance: Receipts (SGD mn) 73,218.400 Dec 2025 quarterly Mar 1986 - Dec 2025
BoP: CA: Goods: Balance (SGD mn) 64,596.000 Dec 2025 quarterly Mar 1986 - Dec 2025
BoP: CA: Secondary Income Balance (SGD mn) -2,721.900 Dec 2025 quarterly Mar 1986 - Dec 2025
BoP: CA: Goods: Imports (SGD mn) 168,217.000 Dec 2025 quarterly Mar 1986 - Dec 2025
BoP: FA: Portfolio Inv: Assets (SGD mn) 28,759.900 Dec 2025 quarterly Mar 1995 - Dec 2025
BoP: FA: Financial Derivatives: Liabilities (SGD mn) 1,693.900 Dec 2025 quarterly Mar 2006 - Dec 2025
External Debt: Gross: OL: OS: Short Term (SGD mn) 421,908.100 Dec 2025 quarterly Jun 2003 - Dec 2025
External Debt: Gross: OL: DTC: Long Term (SGD mn) 194,281.200 Dec 2025 quarterly Jun 2003 - Dec 2025
External Debt: Gross: OL: DTC: Short Term (SGD mn) 1,536,865.400 Dec 2025 quarterly Jun 2003 - Dec 2025
External Debt: Gross (SGD mn) 3,175,341.000 Dec 2025 quarterly Jun 2003 - Dec 2025
External Debt: Gross: OL: OS: Long Term (SGD mn) 345,552.100 Dec 2025 quarterly Jun 2003 - Dec 2025
BoP: FA: PI: Liabilities: Debt Securities (SGD mn) 1,256.600 2018 yearly 1988 - 2018
BoP: FA: PI: Liabilities: Equity & Investment Fund Shares (SGD mn) -5,728.600 2018 yearly 1988 - 2018
International Investment Position (IIP) (SGD mn) 1,108,209.700 Dec 2018 quarterly Dec 2013 - Dec 2018
Direct Investment Abroad: European Union (EU-27) (SGD mn) 246,050.400 2024 yearly 1994 - 2024
FDI: By Industry: Financial & Insurance Services (SGD mn) 2,049,179.800 2024 yearly 1998 - 2024
FDI: By Industry: Professinal, Administrative & Support Services (SGD mn) 152,038.500 2024 yearly 1998 - 2024
Foreign Direct Investment (FDI): Total (SGD mn) 3,130,445.800 2024 yearly 1998 - 2024
FDI: By Industry: Wholesale & Retail Trade (SGD mn) 418,217.900 2024 yearly 1998 - 2024
FDI: By Industry: Manufacturing (SGD mn) 249,584.800 2024 yearly 1998 - 2024
FDI: By Country: Switzerland (SGD mn) 56,236.700 2024 yearly 1998 - 2024
FDI: By Country: United Kingdom (SGD mn) 174,338.400 2024 yearly 1998 - 2024
FDI: By Country: Netherlands (SGD mn) 90,253.800 2024 yearly 1998 - 2024
FDI: By Country: United States (SGD mn) 778,574.600 2024 yearly 1998 - 2024
FDI: By Country: Japan (SGD mn) 196,064.000 2024 yearly 1998 - 2024
Business Entities (BE): Formation: Total (Number) 7,275.000 Apr 2026 monthly Jan 1970 - Apr 2026
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.1 Dec 2025 quarterly Jun 2004 - Dec 2025
Household Debt: % of GDP (%) 51.6 Dec 2025 quarterly Mar 1995 - Dec 2025
Non-Performing Loans (USD mn) 9,947.940 Dec 2019 quarterly Dec 2008 - Dec 2019
Money Supply M1 (USD mn) 428,898.365 Mar 2026 monthly Mar 2004 - Mar 2026
Money Supply M2 (USD mn) 1,132,362.820 Mar 2026 monthly Mar 2004 - Mar 2026
M2 Growth (%) 6.8 Mar 2026 monthly Mar 2005 - Mar 2026
Foreign Exchange Reserves (USD mn) 414,957.4 Apr 2026 monthly Apr 2000 - Apr 2026
Foreign Exchange Reserves: % of GDP (%) 65.666 Dec 2025 quarterly Jun 2000 - Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 7.2 Mar 2026 monthly Apr 2000 - Mar 2026
Gold Reserves (USD mn) 4,385.900 Apr 2026 monthly Apr 2000 - Apr 2026
Total Deposits (USD mn) 1,628,641.278 Mar 2026 monthly Jan 1991 - Mar 2026
Total Deposits Growth (%) 11.8 Mar 2026 monthly Jan 1992 - Mar 2026
Domestic Credit (USD mn) 983,963.4 Mar 2026 monthly Mar 2004 - Mar 2026
Domestic Credit Growth (%) 5.1 Mar 2026 monthly Mar 2005 - Mar 2026
Credit to Households (USD bn) 263.375 Sep 2025 quarterly Mar 1991 - Sep 2025
Credit to Private Non-Financial Sector (USD bn) 1,002.919 Sep 2025 quarterly Dec 1963 - Sep 2025
Household Debt (USD mn) 321,765.4 Mar 2026 monthly Mar 2004 - Mar 2026
Total Loans (USD mn) 1,094,207.244 Mar 2026 monthly Mar 2004 - Mar 2026
Total Loans Growth (%) 6.24 Mar 2026 monthly Mar 2005 - Mar 2026
Private Debt: % of Nominal GDP (%) 127.25 Dec 2025 quarterly Mar 2004 - Dec 2025
ORA: Gold Incl Gold Deposits and Gold Swapped (USD mn) 211.70 Jul 2018 monthly Apr 2000 - Jul 2018
ORA: Other Reserve Assets (USD mn) 472.40 Jul 2018 monthly Apr 2000 - Jul 2018
DBU: Loans & Advances: Loans to Businesses (LB) (SGD mn) 403,032.70 May 2018 monthly Mar 2004 - May 2018
DBU: Loans & Advances: LB: Professional & Private Individuals (SGD mn) 10,320.90 May 2018 monthly Jan 1991 - May 2018
DBU: Loans & Advances: Consumer Loans (CL) (SGD mn) 264,859.50 May 2018 monthly Mar 2004 - May 2018
DBU: Loans & Advances: Total, Including Bills Financing (SGD mn) 667,892.20 May 2018 monthly Jan 1980 - May 2018
DBU: Loans & Advances: CL: Housing & Bridging Loans (SGD mn) 203,114.90 May 2018 monthly Jan 1991 - May 2018
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 2.2 Apr 2026 monthly Jan 2000 - Apr 2026
Composite Leading Index: 2015=100 (2015=100) 109.300 Mar 2019 quarterly Mar 1978 - Mar 2019

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