The kit in question is the old 1978 AMC Pacer that was made by MPC. There were two versions of this kit, the early version 1976-77 era car with the low hood, and the one we are getting here, the '78 with the taller hood that was modified to accept a V8. As with all old tools, they exist as the last version that was issued.
A few things... I'd rather have the earlier low hood. I think it's a better looking car. And that would be the version necessary to do the Wayne's World car. With Tom Lowe being into the TV and movie memorabilia market, I'm surprised that the car wasn't done with the tie-in. The movie is quite a cult classic and more relevant than the Beverly Hills Cop car. Maybe we'll see it as the next issue.
Moving forward, MPC had the AMC 6 in the kit. In '78 they modified the hood to the V8 version, but didn't change the engine in the kit. I'm pleased to get the AMC 6 engines, but I'd swap in a V8 from maybe the Matador kit into the Pacer. The original kit came with two of the Suburbanite snow tires, and it would be cool if they put those in there again.
The other Pacer kit was the wagon version done by AMT. I like that a whole lot. The last version of that was as a custom van, so the tooling might not be up to a stock reissue. Time will tell.
As far as the Pacer, AMC originally designed the car to be sold with a Rotary engine. The engine source (help me here) never delivered, so they went with their standard engine offerings. It was a revolutionary design at the time. AMC had the smallest design budget in the industry, but managed to do a heck of a lot with their limited resources. And they had the guts to bring out a whole string of very interesting cars like the Gremlin, Hornet, Matador and the Sportabout. Later on the 4x4 versions of these cars were cool as heck and unique in the industry at the time.
Note that when you are a small manufacturer, you don't need to appeal to everyone. Building a car that maybe 10% of the consumer market would want to buy can be quite a success and keep your small factory going full tilt. And that was the case with AMC. They didn't appeal to everyone, but those AMC guys were very loyal and vocal!
Now if the Pacer had been sold with the rotary engine, the popularity and it's position in the collector car market could be quite different today. And I've always maintained that if it had been sold as a Chevy or Ford, it would be considered a classic today. Still, there is a very loyal cult following on these cars. A member of one of my model clubs has a Pacer wagon today.
In short, (yea I can be short!) I'm pleased to see the car come back. I'm sure the resin casters will be offering up the earlier version of the hood. Buy at least one of these, hopefully several. That will be a vote to Round 2 to keep digging in the 70s vault to bring back some more of the cool old kits!