I think the lyrics are:
Make way for Noddy, Noddy!
He toots his horn to say (beep, beep, beep)
Make way for Noddy, Noddy!
Come on out and play (beep, beep, beep)
Make way for Noddy, Noddy!
Shout a big hooray
Let's get ready, and steady, Go! its a happy day
Noddy's on his way! (beep, beep, beep)
Make way for Noddy, Noddy!
He's driving in his car! (beep, beep, beep)
Make way for Noddy, Noddy!
Toytown can't be far!