The color for the second release of the Agera replicates that of the Agera R Speed Racer, a limited edition version of the Agera with colors inspired by the television series; the third color is inspired by the Team 37 Agera which participated in the 2019 Gumball 3000. The base of the first release reads Koenigsegg CCX, referring to the Agera's predecessor; a model of the CCX has never been made by Hot Wheels. This was fixed on all subsequent releases.

The Koenigsegg Agera is a very high-performance mid-engined sports car produced by Koenigsegg Automotive AB from 2010 to 2018. Designed by Christian von Koenigsegg, the Agera features a 5.0L twin-turbocharged V8 producing 960 horsepower. The Agera R is a version of the Agera produced from 2011 to 2014 with improved performance and higher power output, notable for setting a number of speed records. The car is notable for its appearance in the film Need For Speed; however the car featured in the film was a replica constructed by Race Car Replicas powered by a Chevrolet LS engine.