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It had been the main competitor of Matchbox until 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Even though Hot Wheels were originally intended for children and young adults, they’ve become popular with mature collectors, such as limited edition models are now made available.
Racing track set
Along with the cars themselves, Mattel produced a racing track set (sold individually). Although it could be upgraded during time, the first track consisted of a string of brightly colored orange road sections (pieced together to make an oblong( circular race track), with a single (or sometimes two) “super chargers” (artificial service stations by which cars passed onto the paths, including battery-powered spinning wheels, which could propel the cars across the paths).
Through time, Hot Wheels cars have been collected mostly by children, but at the past 15 years[vague] there has been a growth in the number of mature collectors. Mattel estimates that 41 million kids 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 automobiles. Most consider the collecting craze began with this Treasure Hunts at 1995. Mike Strauss has been known as the father of Hot Wheels amassing; he’s arranged two collectors’ events annually in some sort since 1986. The first event was the yearly Hot Wheels Collectors Convention, normally held each year in the fall. The conference happened in a variety of locations around the nation until 2001, when the very first Annual Hot Wheels Collectors Nationals was set together. The Hot Wheels Collectors Nationals rotate one of cities outside of California throughout the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and was one of the very first to combine collectors all over the world. He also writes on the Tomart’s Guide To Hot Wheels, a book listing history, car descriptions and worth, which is used by almost every collector to find out more about the hobby along with their collection. Strauss sold his set from 2011 and retired in the Hot Wheels Newsletter.
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