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It was the key competitor of Matchbox until 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Even though Hot Wheels were initially meant for children and young adults, so they’ve become popular with mature collectors, for whom limited edition versions are now made available.
Racing track set
Besides the cars themselves, Mattel produced a racing track set (sold individually). Even though it could be upgraded throughout time, the initial track consisted of a string of brightly colored orange road sections (pieced together to make an oblong( circular race track), with a single (or two) “super hitter” (faux service stations through which cars passed on the paths, including battery-powered spinning wheels( which would propel the cars along the tracks).
During time, Hot Wheels cars are gathered mostly by kids, but in the past 15 years[vague] there’s been an increase in the number of adult collectors. Mattel estimates that 41 million children grew up playing with the toys, the normal collector has over 1,550 automobiles, and children between the ages of 5 and 15 have a mean of 41 cars. Most believe the collecting craze began with the Treasure Hunts in 1995. Mike Strauss was known as the father of Hot Wheels amassing; he’s organized two collectors’ occasions each year in some form since 1986. The very first event was the yearly Hot Wheels Collectors Convention, generally held every year at the fall. The convention happened in a variety of locations around the country before 2001, when the very first Annual Hot Wheels Collectors Nationals was assembled together. The Hot Wheels Collectors Nationals rotate one of cities out of California through the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and was one of the first to unite collectors all over the world. He also writes the Tomart’s Guide To Hot Wheels, a book listing history, automobile descriptions and values, which can be used by virtually every collector to find out more about the hobby along with their collection. Strauss sold his group in 2011 and retired in the Hot Wheels Newsletter.
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