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It was the key competitor of Matchbox before 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Many automobile manufacturers have licensed Hot Wheels to make scale models of their cars, permitting using initial layout patterns and detailing. Though Hot Wheels were initially meant for kids and young adults, they’ve become popular with mature collectors, such as limited edition models are currently made accessible.
Racing track set
Along with the cars themselves, Mattel made a racing track record (sold individually). Although it would be upgraded throughout the years, the initial trail consisted of a collection of brightly colored orange street sections (pieced together to make an oblong, circular race track), with a single (or occasionally two) “super hitter” (faux service stations by which cars passed onto the tracks, featuring battery-powered spinning wheels( which could propel the cars across the paths).
During time, Hot Wheels cars are gathered mostly by kids, but in the past 15 years[vague] there’s been a growth in the amount of mature collectors. Mattel estimates that 41 million children grew up playing with the toys, the normal collector has over 1,550 automobiles, and kids between the ages of 5 and 15 have an average of 41 automobiles. Most believe the collecting craze started with this Treasure Hunts at 1995. Mike Strauss has been known as the father of Hot Wheels collecting; he has arranged two collectors’ events each year in some form since 1986. The very first event was the yearly Hot Wheels Collectors Convention, usually held each year at the autumn. The convention happened in various locations around the nation until 2001, once the first Annual Hot Wheels Collectors Nationals was placed together. Ever since that time, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate one of cities outside of California throughout the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and has been one of the first to combine collectors all over the world. He also writes on the Tomart’s Guide Into Hot Wheels, a book listing history, auto descriptions and worth, which is used by almost every collector to find out more about the hobby and also their own collection. Strauss sold his group from 2011 and retired in the Hot Wheels Newsletter.
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