A guide mechanism for a track-guided toy vehicle which is equipped with an electric motor and can be operated on a road surface with a guide groove, engaging with a guide plate in the guide groove via a vertical axis of rotation on a chassis of the toy vehicle by means of a guide mechanism mounted on a chassis of the toy vehicle and being equipped with current collector elements for the electric motor, said collector elements cooperate with current rails in the road surface. A swing arm that is pivotable about a horizontal axis is arranged on the chassis of the toy vehicle which is placed upright on the road surface with the front wheels and rear wheels. The swing arm comprises the guide mechanism with the rotation axis, the guide plate and the current collector elements.