in toys & games
Hot Wheels, a standout brand from Mattel, isn't just a childhood favorite but a major player in the toy market.
They are the best-selling toys globally, and the cool part? They've kept their price about $1 for over 50 years, even with prices for everything else going up.
These cars are selling like crazy, more than 16 every second around the world.
In fact, in 2022, they made up about 26.7% of Mattel's whopping $5.435 billion sales – that’s saying something, especially since Mattel's also behind big names like Barbie.
For toy retailers, stocking Hot Wheels is a no-brainer. If you're planning to fill your shelves with these toys, here's what you need to know before you get them wholesale.
Hot Wheels are cool toy cars that mimic real cars, giving kids a cool and imaginative way to play.
Mattel, the company behind them, always comes up with fresh designs to keep each new generation of kids interested.
They also have Hot Wheels based on cartoon characters, superheroes, and comic book heroes, which are a big hit with buyers.
While the classic Hot Wheels cars are a must, there's a whole world of Hot Wheels playsets and tracks that can take your inventory to the next level.
These playsets offer kids more ways to engage with their Hot Wheels, creating immersive play experiences.
As a retailer, you should also consider including:
By offering these tracks and playsets, you cater to more interests and encourage more interactive play. This can help make your store the place to go for all things Hot Wheels!
Hot Wheels are popular all year, but they sell the most during the holiday season, from November to December.
The National Retail Federation notes they 're high in demand during the winter holidays. Stocking up before then can really boost your sales.
Safety First: Regulations and Certifications
Last but not least, it's important to make sure the toys are safe for kids.
Check that they meet safety standards set by the U.S. Consumer Product Safety Commission (CPSC).
This means they're okay for kids to play with. Before ordering a lot, ask for a sample toy to check it's safe and suitable for kids.
And there you have it! With this information, you're now all set to make informed purchasing decisions and select the right hot wheels products to grow your toy business!