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It was the key competitor of Matchbox before 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Even though Hot Wheels were initially intended for kids and young adults, they’ve become popular with adult lovers, such as limited edition models are currently made accessible.
Racing track Collection
Along with the cars themselves, Mattel made a racing track record (sold separately). Although it would be updated during the years, the first track consisted of a collection of brightly colored orange road segments (pieced together to make an oblong( circular race track), together with one (or occasionally two) “super walkers” (artificial service stations by which cars passed on the tracks, including battery-powered spinning wheels( which would propel the cars across the paths).
During the years, Hot Wheels cars are collected mostly by kids, but at the past 15 years[vague] there has been a rise in the amount of adult collectors. Mattel estimates that 41 million children grew up playing with the toys, the average collector has over 1,550 automobiles, and children between the ages of 5 and 15 have an average of 41 cars. Most believe the collecting craze began with this Treasure Hunts at 1995. Mike Strauss has been known as the father of Hot Wheels amassing; he has organized two collectors’ occasions each year in some form since 1986. The very first event was the yearly Hot Wheels Collectors Convention, usually held every year in the autumn. The conference occurred in a variety of locations around the country until 2001, once the very first Annual Hot Wheels Collectors Nationals was put together. The Hot Wheels Collectors Nationals rotate among cities outside of California through the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and has been among the first to unite collectors all around the world. He also writes on the Tomart’s Guide To Hot Wheels, a book listing history, automobile descriptions and values, which can be used by almost every collector to find out more about the hobby along with their collection. Strauss sold his collection from 2011 and retired from the Hot Wheels Newsletter.
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