Hot Wheels hits road to reach fans
NEW YORK: After six billion vehicles sold, Hot Wheels is looking for one more car to race down those plastic orange tracks. And it could be yours.
Mattel Inc, the toymaker that owns the Hot Wheels brand, is searching for the best custom car in the United States. The chosen vehicle will be made into a miniature die-cast car to celebrate the 50th anniversary of Hot Wheels.
The search, called the Legends Tour, is part of Mattel’s effort to stay connected with Hot Wheels fans at a time when children are gravitating more toward mobile devices and away from traditional toys.
The Legends Tour began at the company’s headquarters in El Segundo, California, and will end in October at an automotive convention, the SEMA Show in Las Vegas. Along the way, fans can enter their custom vehicles, which will be judged on flair and originality. The winning car will be available at retailers worldwide in 2019.
“It is going to be an extravaganza,” said Chris Down, a senior vice president and global brand general manager for Hot Wheels. “There is crazy enthusiasm around the brand.”
The Legends Tour comes at a crucial time for Mattel. Hot Wheels is the No. 1 selling toy in the world, but Mattel’s sales have been in a prolonged slump as the company struggles to adapt to the rise of technological competitors for children’s attention and the decision by Toys “R” Us, one of its biggest customers, to close or sell all of its stores in the United States.
Those challenges contributed to Mattel’s loss last year of $1.1 billion, which also included a charge related to a change in US taxes. Its stock has plummeted about 30% in the past year. Hoping for a turnaround, the company hired Ynon Kreiz, a former studio executive, as chief executive in April, making him the fourth person to hold the job in four years.
Hot Wheels began in 1968 when Elliot Handler, a co-founder of Mattel, wanted to diversify the company’s products with a line of toy cars.
“The toy market was more about collect and display and less about play,” Down said. “Elliot Handler had that vision that there was a greater opportunity with those cars.”
Handler wanted to make cars that were flashy and fun, Down said, but he also kept an eye on the engineering side, making sure the cars had realistic features like rolling wheels.
“Hot Wheels have some element of fantasy and amp up the design aesthetics,” Down said.
“Mattel’s Matchbox brand, by contrast, offers more straightforward representations of what children and adults see on the open road,’’ he added.
Revered for their auto culture sensibility, Hot Wheels can sometimes cross over into pop culture, thanks to Mattel’s partnerships with brands like DC, Marvel and Star Wars.
“These character ‘mash-up’ cars are popular among fans because the Hot Wheels design team has a keen eye for detail,’’ Down said.
“They will design it from the ground up to capture the look,” he said. “The Hot Wheels Darth Vader car, for instance, uses his face cowl as an air intake.’’
The Darth Vader car is one of the few miniature speedsters converted into a fullsize replica that was introduced in 2014 at Comic-Con International in San Diego. It is fully operational, with an LS3 engine, 526 horsepower and custom redline tires.
The first full-scale vehicle was a 2001 replica of the Hot Wheels Twin Mill, a car introduced in 1969 that had twin V-8 engines poking out of the hood.