From Fandom:
The 3-Window '34 is a licensed Hot Wheels hot rod model designed by Larry Wood. The car is modeled after a 1934 3-Window Ford Coupe. The diecast model is a real 1934 hot rod. With the engine sticking out on the sides and hood, the chopped roof, this is one true hot rod. Being a "Hi-Raker" means that the rear axle has a plastic insert. This makes sure that the rear axle is raisable and lower-able. In 1987 the 3-Window '34 was retooled and no longer featured the Hi-Raker rear axle.