Summary: We consider some questions related to the self-similar asymptotics in the kinetic theory of both elastic and inelastic particles. In the second case we have in mind granular materials, when the model of hard spheres with inelastic collisions is replaced by a Maxwell model, characterized by a collision frequency independent of the relative speed of the colliding particles. We first discuss how to define the \(n\)-dimensional (\(n= 1,2,...\) ) inelastic Maxwell model and its connection with the more basic Boltzmann equation for inelastic hard spheres. Then we consider both elastic and inelastic Maxwell models from a unified viewpoint. We prove the existence of (positive in the inelastic case) self-similar solutions with finite energy and investigate their role in large time asymptotics. It is proved that a recent conjecture by M.. H. Ernst and R. Brito [Europhys. Lett. 58, 182–187 (2002), J. Stat. Phys. 109, No. 3–4, 407–432 (2002; Zbl 1015.82030)] devoted to high energy tails for inelastic Maxwell particles is true for a certain class of initial data which includes Maxwellians. We also prove that the self-similar asymptotics for high energies is typical for some classes of solutions of the classical (elastic) Boltzmann equation for Maxwell molecules. New classes of (not necessarily positive) finite-energy eternal solutions of this equation are also studied.