This is the beautiful Scorchin Scooter Custom Bike from Hot Wheels. The Casting was originally introduced in 1997, This is the Target Exclusive California Dreamin' variation that was released 20 years ago in 2005 as part of a set. 

 It’s been almost fifteen years since we’ve had this version in stock; we pleased to be able to offer it again. If you collect Motorcycles, or Hot Wheels this is a wonderful find for your collection. (1:64 Scale)