A toy vehicle with a rotatable light display. The toy vehicle includes a housing defined by outer walls surrounding a hollow interior and at least substantially forming a toy vehicle body. The housing has a plurality of openings through the outer walls. At least translucent panels are coupled to the housing and aligned with the plurality of openings. A motor is mounted within the hollow interior. A light source is within the hollow interior. A rotatable member is drivingly connected to the motor in the interior so as to be rotated by operation of the motor. The rotatable member is positioned with respect to the light source so as to direct at least one beam of light emitted from the light source about the hollow interior and sequentially and cyclically through the plurality of openings and aligned translucent panels.