Singapore Motor Vehicles Sales Growth

2011 - 2024 | Monthly | % | CEIC Data

Key information about Singapore Motor Vehicles Sales Growth

  • Singapore Motor Vehicles Sales grew 44.7 % in Nov 2024, compared with a growth of 36.6 % in the previous month.
  • Singapore Motor Vehicles Sales Growth rate is updated monthly, available from Jan 2011 to Nov 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 4,340.0 units in Nov 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 Nov 2024 in the chart:

Singapore Motor Vehicles Sales Growth

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

Singapore Motor Vehicles Sales grew 44.7 % in Nov 2024, compared with a growth of 36.6 % in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
44.7 Nov 2024 36.6 Oct 2024 -97.2 May 2020 1,930.6 May 2021 % monthly Jan 2011 - Nov 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 (%) 2.7 Oct 2025 monthly Jan 1997 - Oct 2025
Armenia (%) -32.8 2019 yearly 2006 - 2019
Australia (%) -2.1 Nov 2025 monthly Jan 1995 - Nov 2025
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 (%) -5.9 Nov 2025 monthly Jan 2003 - Nov 2025
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 (%) 1.2 Sep 2025 monthly Jan 1947 - Sep 2025
Chile (%) 4.3 Nov 2025 monthly Jan 2015 - Nov 2025
China (%) 8.8 Oct 2025 monthly Jan 2001 - Oct 2025
Colombia (%) 44.2 Sep 2025 monthly Jan 2004 - Sep 2025
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 (%) -4.4 Oct 2025 monthly Jan 1990 - Oct 2025
Iran (%) -31.7 2019 yearly 2006 - 2019
Ireland (%) 0.8 2024 yearly 2006 - 2024
Israel (%) -0.3 2024 yearly 2006 - 2024
Italy (%) -0.3 2024 yearly 2006 - 2024
Ivory Coast (%) 15.8 2019 yearly 2006 - 2019
Japan (%) -1.8 Oct 2025 monthly Jan 1992 - Oct 2025
Jordan (%) 3.6 2019 yearly 2006 - 2019
Kazakhstan (%) 0.7 2024 yearly 2006 - 2024
Kenya (%) -23.9 2019 yearly 2006 - 2019
South Korea (%) -12.9 Oct 2025 monthly Jan 1995 - Oct 2025
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 (%) 6.0 Oct 2025 monthly Jul 1995 - Oct 2025
Malta (%) -6.1 2019 yearly 2006 - 2019
Mauritius (%) 3.0 2019 yearly 2006 - 2019
Mexico (%) 3.8 Oct 2025 monthly Jan 1996 - Oct 2025
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 (%) -13.5 2024 yearly 1976 - 2024
Nigeria (%) -42.4 2019 yearly 2006 - 2019
Norway (%) 0.1 2024 yearly 2006 - 2024
Oman (%) -0.2 2019 yearly 2006 - 2019
Pakistan (%) 34.8 Oct 2025 monthly Jul 2006 - Oct 2025
Palestinian Territory (%) -25.3 2019 yearly 2006 - 2019
Panama (%) 16.0 Oct 2025 monthly Jan 2006 - Oct 2025
Paraguay (%) -15.0 2019 yearly 2006 - 2019
Peru (%) -11.1 2024 yearly 2006 - 2024
Philippines (%) 0.0 Oct 2025 monthly Jan 1997 - Oct 2025
Poland (%) 12.5 2024 yearly 2006 - 2024
Portugal (%) 6.6 Oct 2025 monthly Jan 2001 - Oct 2025
Qatar (%) 0.1 2019 yearly 2006 - 2019
Romania (%) 6.1 2024 yearly 2006 - 2024
Russia (%) -0.3 Nov 2025 monthly Jan 2009 - Nov 2025
Saudi Arabia (%) 6.1 2024 yearly 2006 - 2024
Serbia (%) 4.5 2019 yearly 2006 - 2019
Singapore (%) 44.7 Nov 2024 monthly Jan 2011 - Nov 2024
Slovakia (%) 4.2 2024 yearly 2006 - 2024
Slovenia (%) -14.9 2022 yearly 2006 - 2022
South Africa (%) 16.0 Oct 2025 monthly Jan 2004 - Oct 2025
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 (%) -16.7 Oct 2025 monthly Jan 1998 - Oct 2025
Tajikistan (%) 0.8 2019 yearly 2006 - 2019
Thailand (%) 25.0 Oct 2025 monthly Dec 1992 - Oct 2025
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 (%) 2.2 Sep 2025 quarterly Mar 2012 - Sep 2025
Consolidated Fiscal Balance (USD mn) 926.421 Oct 2025 monthly Apr 2011 - Oct 2025
Tax Revenue (USD mn) 4,385.191 Oct 2025 monthly Aug 1987 - Oct 2025
Tax Revenue: % of GDP (%) 16.1 Sep 2025 quarterly Dec 1987 - Sep 2025
National Government Debt (USD mn) 1,010,431.8 Sep 2025 quarterly Mar 1990 - Sep 2025
Government Debt: % of GDP (%) 173.4 Sep 2025 quarterly Mar 1990 - Sep 2025
Forecast: Government Expenditure (SGD bn) 168.350 2031 yearly 1991 - 2031
Forecast: Government Net Debt (SGD bn) 1,657.979 2031 yearly 1991 - 2031
Forecast: Government Revenue (SGD bn) 186.395 2031 yearly 1991 - 2031
Govt Finance: Cash Surplus / Deficit (SGD mn) 1,199.900 Oct 2025 monthly Apr 2011 - Oct 2025
Govt Revenue: Operating (SGD mn) 6,779.200 Oct 2025 monthly Jan 2003 - Oct 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.246 2030 yearly 1980 - 2030
Trade Balance (USD mn) 5,573.4 Oct 2025 monthly Jan 1976 - Oct 2025
Total Exports (USD mn) 51,432.0 Oct 2025 monthly Jan 1976 - Oct 2025
Total Exports Growth (%) 24.6 Oct 2025 monthly Jan 1977 - Oct 2025
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) 45,858.6 Oct 2025 monthly Jan 1964 - Oct 2025
Total Imports Growth (%) 20.3 Oct 2025 monthly Jan 1965 - Oct 2025
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) 4,342.959 Oct 2025 monthly Jan 1976 - Oct 2025
Total Imports from USA (USD mn) 4,406.810 Oct 2025 monthly Jan 1976 - Oct 2025
Total Exports to China (USD mn) 5,785.284 Oct 2025 monthly Jan 1975 - Oct 2025
Total Imports from China (USD mn) 5,854.849 Oct 2025 monthly Jan 1975 - Oct 2025
Exports: Non Oil (SGD mn) 40,168.70 Jul 2018 monthly Jan 1964 - Jul 2018
Domestic Exports: Non Oil (SGD mn) 17,289.94 May 2018 monthly Jan 1976 - May 2018
Re Exports: Non Oil (SGD mn) 22,035.26 May 2018 monthly Jan 1976 - May 2018
Export Value Index (2015=100) 130.084 2021 yearly 1980 - 2021
Import Value Index (2015=100) 136.736 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 17,778.9 Sep 2025 quarterly Mar 1995 - Sep 2025
Current Account Balance (USD mn) 26,008.1 Sep 2025 quarterly Mar 1986 - Sep 2025
Current Account Balance: % of GDP (%) 17.7 Sep 2025 quarterly Mar 1986 - Sep 2025
Foreign Direct Investment (USD mn) 35,793.6 Sep 2025 quarterly Mar 1995 - Sep 2025
Foreign Direct Investment: % of GDP (%) 24.4 Sep 2025 quarterly Mar 1995 - Sep 2025
Foreign Portfolio Investment (USD mn) 3,900.132 Sep 2025 quarterly Mar 1995 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) 2.7 Sep 2025 quarterly Mar 1995 - Sep 2025
External Debt (USD mn) 2,340,160.9 Jun 2025 quarterly Jun 2003 - Jun 2025
External Debt: % of GDP (%) 407.1 2024 yearly 2003 - 2024
External Debt: Short Term (USD mn) 1,452,869.6 Jun 2025 quarterly Jun 2003 - Jun 2025
External Debt: Short Term: % of GDP (%) 256.0 2024 yearly 2003 - 2024
Forecast: Current Account Balance (USD bn) 109.808 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) 853,984.904 Jun 2025 quarterly Dec 2013 - Jun 2025
BoP: CA: Services: Exports (SGD mn) 136,388.600 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Others: Liabilities (SGD mn) 47,377.700 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: Net Errors and Omissions (SGD mn) -974.300 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: Official Reserves (OR): Net (SGD mn) -11,230.700 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Financial Derivatives: Liabilities (SGD mn) 6,433.800 Dec 2024 quarterly Mar 2006 - Dec 2024
BoP: FA: Direct Investment: Liabilities (SGD mn) 60,759.500 Dec 2024 quarterly Mar 1995 - Dec 2024
BoP: FA: Financial Derivatives (SGD mn) 1,654.800 Dec 2024 quarterly Mar 2006 - Dec 2024
BoP: FA: Direct Investment (SGD mn) -38,869.000 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Primary Income Balance (SGD mn) -32,453.200 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Goods: Exports (SGD mn) 201,807.200 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Portfolio Inv: Liabilities (SGD mn) 10,199.900 Dec 2024 quarterly Mar 1995 - Dec 2024
BoP: CA: Services: Imports (SGD mn) 121,243.300 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Financial Derivatives: Assets (SGD mn) 8,088.600 Dec 2024 quarterly Mar 2006 - Dec 2024
BoP: CA: Goods: Balance (SGD mn) 48,600.100 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Direct Investment: Assets (SGD mn) 21,890.500 Dec 2024 quarterly Mar 1995 - Dec 2024
BoP: Financial Account (FA): Net (SGD mn) 39,070.500 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Primary Income Balance: Receipts (SGD mn) 62,901.300 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Goods: Imports (SGD mn) 153,207.100 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: Current Account (CA) Balance (SGD mn) 28,814.100 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Portfolio Inv: Assets (SGD mn) 23,633.100 Dec 2024 quarterly Mar 1995 - Dec 2024
BoP: CA: Secondary Income Balance (SGD mn) -2,478.100 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Others: Assets (SGD mn) 110,229.200 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Others (SGD mn) 62,851.500 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Primary Income Balance: Payment (SGD mn) 95,354.500 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: Portfolio Investment (SGD mn) 13,433.200 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: CA: Services: Balance (SGD mn) 15,145.300 Dec 2024 quarterly Mar 1986 - Dec 2024
BoP: FA: PI: Liabilities: Equity & Investment Fund Shares (SGD mn) -5,728.600 2018 yearly 1988 - 2018
BoP: FA: PI: Liabilities: Debt Securities (SGD mn) 1,256.600 2018 yearly 1988 - 2018
International Investment Position (IIP) (SGD mn) 1,108,209.700 Dec 2018 quarterly Dec 2013 - Dec 2018
External Debt: Gross: OL: DTC: Long Term (SGD mn) 187,451.200 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: Gross: OL: DTC: Short Term (SGD mn) 1,409,972.100 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: Gross (SGD mn) 2,762,551.700 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: Gross: OL: OS: Short Term (SGD mn) 348,972.000 Sep 2024 quarterly Jun 2003 - Sep 2024
External Debt: Gross: OL: OS: Long Term (SGD mn) 313,756.800 Sep 2024 quarterly Jun 2003 - Sep 2024
Direct Investment Abroad: European Union (EU-27) (SGD mn) 234,607.400 2023 yearly 1994 - 2023
FDI: By Industry: Professinal, Administrative & Support Services (SGD mn) 135,762.400 2023 yearly 1998 - 2023
Foreign Direct Investment (FDI): Total (SGD mn) 2,843,105.600 2023 yearly 1998 - 2023
FDI: By Industry: Wholesale & Retail Trade (SGD mn) 411,137.600 2023 yearly 1998 - 2023
FDI: By Industry: Financial & Insurance Services (SGD mn) 1,788,363.400 2023 yearly 1998 - 2023
FDI: By Industry: Manufacturing (SGD mn) 279,941.300 2023 yearly 1998 - 2023
FDI: By Country: Netherlands (SGD mn) 81,934.900 2023 yearly 1998 - 2023
FDI: By Country: United States (SGD mn) 692,307.300 2023 yearly 1998 - 2023
FDI: By Country: Japan (SGD mn) 181,047.100 2023 yearly 1998 - 2023
FDI: By Country: United Kingdom (SGD mn) 153,599.700 2023 yearly 1998 - 2023
FDI: By Country: Switzerland (SGD mn) 73,934.800 2023 yearly 1998 - 2023
Business Entities (BE): Formation: Total (Number) 5,718.000 Jan 2025 monthly Jan 1970 - Jan 2025
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 1.3 Dec 2019 quarterly Dec 2008 - Dec 2019
Household Debt: % of GDP (%) 53.0 Sep 2025 quarterly Mar 1995 - Sep 2025
Non-Performing Loans (USD mn) 9,947.940 Dec 2019 quarterly Dec 2008 - Dec 2019
Money Supply M1 (USD mn) 408,786.384 Oct 2025 monthly Mar 2004 - Oct 2025
Money Supply M2 (USD mn) 1,091,899.504 Oct 2025 monthly Mar 2004 - Oct 2025
M2 Growth (%) 6.4 Oct 2025 monthly Mar 2005 - Oct 2025
Foreign Exchange Reserves (USD mn) 387,151.0 Nov 2025 monthly Apr 2000 - Nov 2025
Foreign Exchange Reserves: % of GDP (%) 66.529 Sep 2025 quarterly Jun 2000 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 7.9 Oct 2025 monthly Apr 2000 - Oct 2025
Gold Reserves (USD mn) 5,047.400 Nov 2025 monthly Apr 2000 - Nov 2025
Total Deposits (USD mn) 1,552,978.712 Oct 2025 monthly Jan 1991 - Oct 2025
Total Deposits Growth (%) 10.1 Oct 2025 monthly Jan 1992 - Oct 2025
Domestic Credit (USD mn) 942,631.6 Oct 2025 monthly Mar 2004 - Oct 2025
Domestic Credit Growth (%) 5.2 Oct 2025 monthly Mar 2005 - Oct 2025
Credit to Households (USD bn) 260.901 Jun 2025 quarterly Mar 1991 - Jun 2025
Credit to Private Non-Financial Sector (USD bn) 997.056 Jun 2025 quarterly Dec 1963 - Jun 2025
Household Debt (USD mn) 307,915.4 Oct 2025 monthly Mar 2004 - Oct 2025
Total Loans (USD mn) 1,034,013.987 Oct 2025 monthly Mar 2004 - Oct 2025
Total Loans Growth (%) 5.45 Oct 2025 monthly Mar 2005 - Oct 2025
Private Debt: % of Nominal GDP (%) 129.14 Sep 2025 quarterly Mar 2004 - Sep 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: CL: Housing & Bridging Loans (SGD mn) 203,114.90 May 2018 monthly Jan 1991 - May 2018
DBU: Loans & Advances: Total, Including Bills Financing (SGD mn) 667,892.20 May 2018 monthly Jan 1980 - May 2018
DBU: Loans & Advances: Loans to Businesses (LB) (SGD mn) 403,032.70 May 2018 monthly Mar 2004 - May 2018
DBU: Loans & Advances: Consumer Loans (CL) (SGD mn) 264,859.50 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
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) -1.6 Nov 2025 monthly Jan 2000 - Nov 2025
Composite Leading Index: 2015=100 (2015=100) 109.300 Mar 2019 quarterly Mar 1978 - Mar 2019

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