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It had been the key competitor of Matchbox until 1997, when Mattel purchased 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 layout patterns and detailing. Although Hot Wheels were originally meant for children and young adults, so they’ve become popular with adult lovers, for whom limited edition versions are currently made accessible.
Racing track Collection
Along with the cars themselves, Mattel produced a racing track record (sold individually). Although it could be upgraded during the years, the initial trail consisted of a set of brightly colored orange road segments (pieced together to make an oblong, circular race track), together with one (or two) “super hitter” (faux service stations by which cars passed onto the paths, including battery-powered spinning wheels( which would propel the cars across the paths).
Through time, Hot Wheels cars have been gathered mostly by kids, but in the previous 15 years[vague] there’s been a rise in the number of adult collectors. Mattel estimates that 41 million children 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 cars. Most believe the collecting craze started with this Treasure Hunts in 1995. Mike Strauss was known as the father of Hot Wheels amassing; he’s arranged two collectors’ events each year in some sort since 1986. The very first event was the yearly Hot Wheels Collectors Convention, usually held every year in the fall. The conference occurred in various locations around the country before 2001, once the very first Annual Hot Wheels Collectors Nationals was placed together. Ever since then, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate one of cities outside of California through the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and has been one of the first to unite collectors all around the world. He also writes the Tomart’s Guide To Hot Wheels, a publication listing history, auto descriptions and values, which can be used by almost every collector to learn more about the hobby and also their collection. Strauss sold his group from 2011 and retired from the Hot Wheels Newsletter.
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