Tag: Mattel

I must be gettin’ old….

Posted on by CV Whitfield

Yes, some might say, that I’ve been a bit obsessed with my preconceived theory on the failure of the current toy industry– or more specifically the action toy (figure) line.

As I continue to research and delve deeper into my theories, I did discover there could be, at least one, main point that I forgot. That being, I’m not getting any younger and that over time inflation rears its ugly little head. I will admit: I’m gettin’ old.

The price I paid for a toy when I was a child isn’t necessarily the price of a toy today nor should it be….or then again, why couldn’t it. This brings me back to the Hot Wheels debate. Below, there’s several examples of the cost of toys then and now. These numbers were obtained through a Inflation Calculator that was found on Google.

I have decided to use the year 1983 as my baseline year. Not only because this was one of the greatest years of my childhood, but that year several popular toy lines were at their pinnacle– including G.I. Joe: A Real American Hero, He-Man and Masters of the Universe, and Star Wars. There was still another year before we got Transformers and Go-bots. And lastly, I found a 1983 Sears Catalog that aided in the prices for that time period- take note, this isn’t the absolute price of the day. I understand Kmart, Walmart or Toys R Us prices may have been cheaper and varied.

  • 1983 $1.00 equals $2.70 in 2021 money.
  • GI Joe RHAH. COBRA H.I.S.S. (High Speed Sentry). ….. 1983 Real Price $8.99 ………… 2021 Inflation Price $24.30 (Currently Wal-mart sells the vintage styled H.I.S.S. for $24.99.
  • GI Joe RHAH COBRA F.A.N.G. (Fully-armed Negator Gyrocopter)….. 1983 Real Price $4.99 (did NOT include a figure)….. 2021 Inflation Price $13.49 (Currently Wal-mart sells the vintage re-release for $24.99 but it includes a figure)
  • GI Joe RHAH 3 pack of action figures: Airborne, Doc, and Gung-ho. ….1983 Real Price $7.99 or about $2.66 a figure…. 2021 Inflation Price $21.60 or about $7.19 a figure (if you add that with the inflated FANG price you get $20.68. THUS, I think Walmart should be selling that box set for $19.99 (production materials considered)
  • Star Wars figures are the same price as the GI Joe. 3 pack of Vader and Two Hoth Stormtroopers … 1983 Real Price $7.99…… 2021 Inflation Price $21.60.
  • He-Man and Masters of the Universe 2-Pack He-Man & Trap Jaw 1983 Real Price $9.99 (or about 4.98 a figure)…. 2021 Inflation Price $27.00. Wal-mart currently sells the retro line of figures for $14.99 each. This is slighter more than inflation would calculate as 2 figures now would be $29.98)

So there you go. If you really take into account inflation, maybe today’s prices are so bad. Yet, I will still debate whether these toys should be priced at the inflated price. I understand that materials could go up in price, the wage for those making the toys has increased, and freight costs have gone up with the price of gas. Should action figures be $10? I’m not so sure. I guess I relate it back to the enjoyment factor along side games or video games. $50 bucks gets you a video game that you can play nearly 100+ hours. Or you could buy 5 action figures. Not sure it equals. The average 1983 price of a video game was $39.99 and an action figure was $3. So in 1983 I could get at least 10 action figures for every one video game. Now that number is cut in half. So I would argue that perhaps cost of the toys aren’t just limited to materials and freight anymore. Perhaps R&D (research and development) plays a big role in today’s prices. I don’t exclude licenses for properties like Star Wars etc. But Mattel owns He-man and Hasbro owns GI Joe, so those extra costs are excluded.

And lastly, I will continue to question toy costs when a Hot Wheel in 1983 was roughly 79 cents and is still about 99 cents today. Granted I remember Hot Wheels on sale for as little as 59 cents and as high as a 1.09 at Kmart. What was up with Kmart’s wacky prices? Is Mattel taking a loss on Hot Wheels? Or are they just accepting a smaller profit with the hope of larger quantities sold? If those are both mute points, then would and should toys today really be priced as I’ve demonstrated above?

The discussion will most likely continue….

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Toys are for Kids!

Posted on by CV Whitfield

As I write this, I am inspired to do the research but right now I’m just going to write my thoughts.

I wonder if children buy toys anymore? Specifically I’m curious if children buy Hot Wheels, Star Wars figures, or any of the Marvel Legends or DC Multiverse action figures. These are toy lines that have huge adult collector bases. And if they do, what is the percentage of those purchases vs. the adult collector.

I don’t collect any more yet old habits die hard (that’s right Mr. McClane!). When I enter a Target or Wal-mart, the first area I hit is the toy aisles. I don’t go there to buy but to peruse. I’m still intrigued and interested by toys. Both boy and girls focus. In some alternate timeline I became a toy designer. I think I would have been good at that. So, when I’m in the aisle I very rarely see children. It’s not during school hours. Usually on the weekend or evenings. I can’t recall the last time I saw a kid going through the Hot Wheels. But I do see adult men all the time.

Then I start wondering if Mattel just makes Hot Wheels for old guys. As if they gave up long ago that kids want to play with little metal cars on winding plastic tracks. The same thought process goes for Barbie. Over the holidays I saw the Christmas Barbie — just sitting on the shelves. I remember when grown women would fight (literally as in push and shove) for these dolls in the 1990s. These dolls were designed for the adult collector because they had a price point of $29.99 and up. The ones this year were marked $39.99 and no one was buying. And I’m sure parents wouldn’t spend that on a child — in any decade.

Toys are for kids so I hope they are still buying them!

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