A traveling toy and a radio-controlled traveling toy having a transmission which brings about an operational feeling like a real car is provided. Under a shift lever 4, there is provided a gear box 10 that covers the motor unit and is secured to a chassis rear portion 6, and a rear wheel shaft 8 extends through the gear box 10 covering a motor unit, with a crank box 12 being disposed on the gear box 10. A second slider 14 is disposed on the crank box 12, a first slider 16 is disposed on the second slider 14, and a shift shaft 18, which is a shaft portion of a shift lever 4, stands vertically from the first slider 16. On top of the shift shaft 18, a grasping section 20 is disposed to control the shift lever 4.