Abstract: A wheel assembly for toy vehicles that includes a spider mounted for rotation inside of a generally cylindrical hollow wheel. The spider carries lugs for extension and retraction through passages in the peripheral wall of the wheel. Also carried by the wheel for rotation relative to the wheel, and for rotational engagement with the spider, is a hub manually rotatable from outside of the wheel. The spider is biased for rotation in direction by one spring and the spider and hub are biased apart in an axial direction by another spring. Another spring biases the hub which has a flange with a number of notches against a sidewall of the wheel having a detent that fits into the notches to latch the hub into a lugs locked out, lugs locked in or neutral position.