After World War II, die-cast companies like Matchbox (originally Matchbox Lesney) made a fortune with their smaller, more-affordable models. In the 1960s, Hot Wheels greatly expanded the collectible model cars market by producing different models every year and special limited-edition runs. Diecast model cars are still hugely popular today, for example NASCAR limited editions. Most diecast model cars are 1/43 scale, although they can be found in both larger and smaller sizes.

The major difference between model cars and toy cars is that model cars are scaled and detailed meticulously, whereas pure toy cars tend to be improperly proportioned and lack attention to detail. Highly detailed models have been made for almost every type of vehicle, including buses, tractors, and trucks.

In the late 1950s and '60s, plastic models called promotionals were produced, representing cars by General Motors, Ford, Chrysler, and American Motors. Promotionals were given away with the purchase of a car at a dealership or could be bought individually. Every year of Ford and Chevy was made, and new plastic models were produced as new features were added to the real cars.

Another collectible model car genre is the pedal car, essentially pedal-driven cars large enough for a child to ride in. These were produced in the 1890s but saw a surge in popularity in the 1920s and 1930s. They're still produced today in shapes ranging from classic cars to airplanes.

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