Larry Wood, who was widely known as "Mr. Hot Wheels," is being honored during Thursday's ceremony for his iconic toy designs.
His first designs hit the market in 1970 and he continued working for Mattel until he retired in 2020.
Wood now works on classic cars in his Long Beach garage and yes, he still plays with Hot Wheels!
For the full list of this year's inductees, visit the Automotive Hall of Fame's website.