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It had been the key competitor of Matchbox before 1997, when Mattel bought Tyco Toys, then-owner of Matchbox.
Many automobile manufacturers have licensed Hot Wheels to make scale models of the cars, permitting using first design patterns and detailing. Though Hot Wheels were initially meant for kids and young adults, so they have become popular with mature collectors, for whom limited edition versions are currently made accessible.
Racing track set
Along with the cars themselves, Mattel produced a racing track set (sold separately). Even though it could be updated throughout the years, the initial track consisted of a collection of brightly colored orange road segments (pieced together to form an oblong( circular race track), together with one (or sometimes two) “super walkers” (artificial service stations by which cars passed onto the paths, featuring battery-powered spinning wheels( which would propel the cars across the paths).
During the years, Hot Wheels cars are gathered mostly by kids, but at the last 15 years[vague] there has been a rise in the amount of mature collectors. Mattel estimates that 41 million kids grew up playing with the toys, the typical collector has over 1,550 automobiles, and children between the ages of 5 and 15 have an average of 41 cars. Most consider the collecting craze began with this Treasure Hunts at 1995. Mike Strauss has been called the father of Hot Wheels collecting; he has organized two collectors’ events annually in some form since 1986. The very first event was the Annual Hot Wheels Collectors Convention, normally held each year at the autumn. The convention happened in a variety of locations around the nation before 2001, once the very first Annual Hot Wheels Collectors Nationals was placed together. The Hot Wheels Collectors Nationals rotate one of cities outside of California during the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and was one of the first to unite collectors all around the world. He also writes on the Tomart’s Guide Into Hot Wheels, a publication listing history, automobile descriptions and worth, which is used by nearly every collector to learn more about the hobby along with their own collection. Strauss sold his collection in 2011 and retired in the Hot Wheels Newsletter.
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