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It was the key competitor of Matchbox until 1997, when Mattel bought Tyco Toys, then-owner of Matchbox.
Many auto manufacturers have licensed Hot Wheels to make scale models of their cars, allowing using initial layout blueprints and detailing. Though Hot Wheels were originally intended for children and young adults, they’ve become popular with mature collectors, such as limited edition versions are currently made accessible.
Racing track Collection
Besides the cars themselves, Mattel made a racing track set (sold individually). Though it could be updated during time, the original track consisted of a series of brightly colored orange road sections (pieced together to form an oblong, circular race track), with one (or occasionally two) “super chargers” (faux service channels by which cars passed on the tracks, featuring battery-powered spinning wheels( which could propel the cars along the tracks).
During time, Hot Wheels cars have been collected mostly by children, but in the past 15 years[vague] there’s been an increase in the number of adult collectors. Mattel estimates that 41 million children grew up playing with all the toys, the average collector has over 1,550 cars, and children between the ages of 5 and 15 have a mean of 41 automobiles. Most consider the collecting craze began with the Treasure Hunts at 1995. Mike Strauss was known as the father of Hot Wheels collecting; he has arranged two collectors’ events annually in some sort since 1986. The first event was the yearly Hot Wheels Collectors Convention, usually held each year at the autumn. The conference happened in various locations around the nation before 2001, once the very first Annual Hot Wheels Collectors Nationals was placed together. Since that time, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate among cities outside of California through the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and was among the very first to combine collectors all over the world. He also writes the Tomart’s Guide To Hot Wheels, a publication listing history, auto descriptions and values, which can be used by virtually 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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