Hot Wheels was one of the annual inductees into the US National Toy Hall of Fame, along with classic playthings the dollhouse and the blanket.
Hot Wheel's entry on the hall of fame website reads: "Mattel has produced upwards of three billion cars, outdistancing the combined output of the 'Big Three' automakers. More than 800 models and 11,000 variations of Hot Wheels have been manufactured, and these days—according to Mattel—eight cars are sold every second."
The hall of famers are decided by public nominations and must fulfil four criterias, which are:
Icon-status: The toy is widely recognized, respected, and remembered.
Longevity: The toy is more than a passing fad and has enjoyed popularity over multiple generations.
Discovery: The toy fosters learning, creativity, or discovery through play.
Innovation: The toy profoundly changed play or toy design. A toy may be inducted on the basis of this criterion without necessarily having met all of the first three.
The National Toy Hall of Fame was started in 1998, when Barbie, Lego and Monopoly were among the original inductees.