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It was the main competitor of Matchbox before 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Many automobile manufacturers have licensed Hot Wheels to make scale models of the cars, permitting using original layout blueprints and detailing. Though Hot Wheels were originally meant for children and young adults, so they’ve become popular with adult collectors, for whom limited edition models are now made available.
Racing track set
In addition to the cars themselves, Mattel produced a racing track set (sold individually). Although it would be updated throughout time, the first trail consisted of a collection of brightly colored orange street sections (pieced together to form an oblong( circular race track), using one (or two) “super hitter” (faux service stations by which cars passed onto the tracks, including battery-powered spinning wheels, which could propel the cars across the tracks).
Through time, Hot Wheels cars have been collected mostly by kids, but at the previous 15 years[vague] there’s been a growth in the number of mature collectors. Mattel estimates that 41 million children grew up playing with the toys, the normal collector has over 1,550 automobiles, and kids between the ages of 5 and 15 have an average of 41 cars. Most consider the collecting craze started with the Treasure Hunts at 1995. Mike Strauss has been known as the father of Hot Wheels amassing; he has arranged two collectors’ events annually in some form since 1986. The very first event was the yearly Hot Wheels Collectors Convention, generally held every year at the autumn. The convention occurred in various locations around the country until 2001, when the very first Annual Hot Wheels Collectors Nationals was placed together. Ever since that time, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate among cities out of California through the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and has been among the very first to combine collectors all around the world. He also writes the Tomart’s Guide Into Hot Wheels, a book listing history, car descriptions and values, which can be used by nearly every collector to find out 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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