The Omni 024 was designed by Larry Wood. It is based on the Dodge Omni 024, a sporty 3-door hatchback coupe from the early 1980s.
The casting was first released in 1981. Model 1692 with Blackwall (BW) wheels is from that period.
The casting features louvers on the rear hatchback window, a popular aftermarket accessory of the time. The initial release was typically silver or yellow with side graphics.
It fits in with the group of early 80s compact cars, such as the Ford Escort and Chevy Citation, representing a shift towards more everyday vehicles in the Hot Wheels line.
A notable version was released in "The Hot Ones" series in 1981, which featured GHO wheels.