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It had been the primary competitor of Matchbox until 1997, when Mattel bought Tyco Toys, then-owner of Matchbox.

Even though Hot Wheels were originally meant for children and young adults, so they have become popular with mature collectors, such as limited edition versions are currently made available.

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Racing track set

Besides the cars themselves, Mattel made a racing track record (sold individually). Although it would be upgraded during time, the initial track consisted of a collection of brightly colored orange street sections (pieced together to make an oblong( circular race track), with a single (or occasionally two) “super chargers” (artificial service stations by which cars passed on the tracks, including battery-powered spinning wheels, which would propel the cars across the paths).

During time, Hot Wheels cars are gathered mostly by kids, but at the previous 15 years[vague] there’s been a growth in the amount of adult collectors. Mattel estimates that 41 million children grew up playing with the toys, the typical collector has over 1,550 cars, and children between the ages of 5 and 15 have an average of 41 cars. Most consider the collecting craze began with the Treasure Hunts at 1995. Mike Strauss has been called the father of Hot Wheels amassing; he has organized two collectors’ occasions each year in some sort since 1986. The first event was the yearly Hot Wheels Collectors Convention, normally held each year in the autumn. The convention happened in various locations around the country until 2001, when the first Annual Hot Wheels Collectors Nationals was put together. Since that time, the Conventions are held every year in southern California. The Hot Wheels Collectors Nationals rotate among cities out of California during the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and was among the very first to combine collectors all over the world. In addition, he writes the Tomart’s Guide Into Hot Wheels, a publication listing history, auto descriptions and values, which can be used by virtually every collector to find out more about the hobby and their collection. Strauss sold his collection from 2011 and retired in the Hot Wheels Newsletter.

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