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It was the main competitor of Matchbox until 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Although Hot Wheels were originally meant for kids and young adults, they’ve become popular with mature collectors, such as limited edition models are now made accessible.
Racing track set
Besides the cars themselves, Mattel produced a racing track set (sold individually). Although it could be updated throughout the years, the initial track consisted of a series of brightly colored orange road sections (pieced together to form an oblong( circular race track), together with one (or sometimes two) “super walkers” (faux service stations through which cars passed onto the paths, including battery-powered spinning wheels( which could propel the cars across the paths).
During the years, Hot Wheels cars have been collected mostly by kids, but at the previous 15 years[vague] there has been an increase in the amount of adult collectors. Mattel estimates that 41 million children grew up playing with the toys, the ordinary collector has over 1,550 cars, and children between the ages of 5 and 15 have an average of 41 automobiles. Most believe the collecting trend began with this Treasure Hunts in 1995. Mike Strauss was called the father of Hot Wheels collecting; he’s arranged two collectors’ occasions each year in some sort since 1986. The first event was the yearly Hot Wheels Collectors Convention, usually held each year at the fall. The convention occurred in various locations around the nation before 2001, once the very first Annual Hot Wheels Collectors Nationals was placed together. Since then, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate one of cities out of California through the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and has been among the first to unite collectors all around the world. In addition, he writes on the Tomart’s Guide Into Hot Wheels, a publication listing history, car descriptions and values, which can be used by nearly every collector to find out more about the hobby along with their own collection. Strauss sold his set in 2011 and retired from the Hot Wheels Newsletter.
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