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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 their cars, allowing using first design patterns and detailing. Though Hot Wheels were initially intended for children and young adults, so they’ve become popular with adult collectors, for whom limited edition versions are currently made available.
Racing track Collection
Besides the cars themselves, Mattel produced a racing track record (sold individually). Although it would be upgraded during the years, the original track consisted of a series of brightly colored orange road segments (pieced together to make an oblong( circular race track), with a single (or two) “super hitter” (artificial service stations by which cars passed on the tracks, featuring battery-powered spinning wheels( which would propel the cars along the tracks).
During time, Hot Wheels cars are gathered mostly by children, but at the last 15 years[vague] there’s been an increase in the amount of adult collectors. Mattel estimates that 41 million children grew up playing with all the toys, the ordinary collector has over 1,550 automobiles, and children between the ages of 5 and 15 have a mean of 41 automobiles. Most consider the collecting trend started with this Treasure Hunts at 1995. Mike Strauss was known as the father of Hot Wheels amassing; he has organized two collectors’ events annually in some form since 1986. The very first event was the yearly Hot Wheels Collectors Convention, normally held every year at the autumn. The convention occurred in various locations around the country before 2001, when the very first Annual Hot Wheels Collectors Nationals was placed together. The Hot Wheels Collectors Nationals rotate among cities out of California throughout the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and has been among the first to combine collectors all over 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 almost every collector to learn more about the hobby along with their collection. Strauss sold his group from 2011 and retired in the Hot Wheels Newsletter.
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