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It was the main competitor of Matchbox until 1997, when Mattel bought Tyco Toys, then-owner of Matchbox.
Although Hot Wheels were initially meant for kids and young adults, so they’ve become popular with adult lovers, for whom limited edition models are currently made available.
Racing track Collection
In addition to the cars themselves, Mattel made a racing track set (sold individually). Although it would be updated throughout time, the original trail consisted of a collection of brightly colored orange street sections (pieced together to form an oblong, circular race track), together with one (or two) “super hitter” (faux service stations through which cars passed on the tracks, including battery-powered spinning wheels( which would propel the cars along the paths).
During the years, Hot Wheels cars have been gathered mostly by children, but in the past 15 years[vague] there has been an increase in the number of adult collectors. Mattel estimates that 41 million kids grew up playing with the toys, the normal collector has over 1,550 cars, and kids between the ages of 5 and 15 have an average of 41 automobiles. Most believe the collecting craze started with this Treasure Hunts at 1995. Mike Strauss has been called the father of Hot Wheels collecting; he has arranged two collectors’ occasions each year in some sort since 1986. The very first event was the yearly Hot Wheels Collectors Convention, normally held each year in the fall. The conference happened in various locations around the country until 2001, when the very first Annual Hot Wheels Collectors Nationals was assembled together. Since that time, the Conventions are held every year in southern California. The Hot Wheels Collectors Nationals rotate one of cities outside of California throughout the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and was among the very first to combine collectors all around the world. In addition, he writes the Tomart’s Guide To Hot Wheels, a publication listing history, auto descriptions and values, which is used by nearly every collector to find out more about the hobby and their own collection. Strauss sold his set in 2011 and retired from the Hot Wheels Newsletter.
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