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It had been the main competitor of Matchbox until 1997, when Mattel bought Tyco Toys, then-owner of Matchbox.
Many auto manufacturers have licensed Hot Wheels to make scale models of their cars, allowing the use of initial design blueprints and detailing. Though Hot Wheels were originally intended for kids and young adults, so they have become popular with mature collectors, for whom limited edition models are currently made available.
Racing track set
Along with the cars themselves, Mattel produced a racing track set (sold individually). Though it would be upgraded during the years, the first trail consisted of a collection of brightly colored orange street segments (pieced together to make an oblong( circular race track), using one (or two) “super walkers” (faux service channels by which cars passed on the tracks, featuring battery-powered spinning wheels, which could propel the cars along the tracks).
During the years, Hot Wheels cars are collected mostly by kids, but at the previous 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 typical collector has over 1,550 automobiles, and children between the ages of 5 and 15 have a mean of 41 cars. Most consider the collecting craze started with the Treasure Hunts at 1995. Mike Strauss has been known as the father of Hot Wheels collecting; he has arranged two collectors’ occasions annually in some sort since 1986. The first event was the yearly Hot Wheels Collectors Convention, normally held every year at the autumn. The conference occurred in a variety of locations around the nation before 2001, once the first Annual Hot Wheels Collectors Nationals was assembled together. Since then, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate among cities outside of California throughout the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and was among the very first to combine collectors all over the world. In addition, he writes on the Tomart’s Guide To Hot Wheels, a publication listing history, automobile descriptions and values, which is used by nearly every collector to find out more about the hobby and their collection. Strauss sold his group in 2011 and retired from the Hot Wheels Newsletter.
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