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It had been the primary competitor of Matchbox until 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Many automobile manufacturers have licensed Hot Wheels to make scale models of the cars, allowing the use of initial design patterns and detailing. Although Hot Wheels were originally meant for kids and young adults, they have become popular with mature collectors, such as limited edition versions are currently made accessible.
Racing track Collection
Along with the cars themselves, Mattel produced a racing track set (sold separately). Even though it would be updated throughout time, the original trail consisted of a string of brightly colored orange street sections (pieced together to form an oblong, circular race track), with one (or two) “super hitter” (artificial service channels through which cars passed on the tracks, including battery-powered spinning wheels( which could propel the cars along the tracks).
During time, Hot Wheels cars are gathered mostly by children, but in the previous 15 years[vague] there has been a growth in the amount of mature collectors. Mattel estimates that 41 million kids grew up playing with all the toys, the average 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 trend started with this Treasure Hunts in 1995. Mike Strauss was called the father of Hot Wheels collecting; he’s arranged two collectors’ occasions annually in some form since 1986. The very first event was the yearly Hot Wheels Collectors Convention, usually held each year in the autumn. The convention happened in various locations around the nation before 2001, once the very first Annual Hot Wheels Collectors Nationals was assembled together. The Hot Wheels Collectors Nationals rotate one of cities out of California throughout the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and was among the first to combine collectors all around the world. In addition, he writes the Tomart’s Guide Into Hot Wheels, a book listing history, car descriptions and values, which is 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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