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It was the main competitor of Matchbox until 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Though Hot Wheels were initially intended for children and young adults, so they have become popular with mature lovers, such as limited edition versions are now made accessible.
Racing track set
Besides the cars themselves, Mattel produced a racing track record (sold separately). Although it could be upgraded throughout time, the first track consisted of a series of brightly colored orange street segments (pieced together to make an oblong, circular race track), together with a single (or two) “super chargers” (artificial service channels through which cars passed on the paths, featuring battery-powered spinning wheels( which would propel the cars along the tracks).
Through the years, Hot Wheels cars have been collected mostly by children, but at the previous 15 years[vague] there’s been a growth in the amount of mature collectors. Mattel estimates that 41 million children grew up playing with the toys, the normal collector has over 1,550 automobiles, and children between the ages of 5 and 15 have a mean of 41 cars. Most believe the collecting craze started with this Treasure Hunts at 1995. Mike Strauss was known as the father of Hot Wheels amassing; he’s organized two collectors’ events annually in some sort since 1986. The first event was the Annual Hot Wheels Collectors Convention, normally held each year at the autumn. The convention occurred in a variety of locations around the nation before 2001, once the very first Annual Hot Wheels Collectors Nationals was set together. The Hot Wheels Collectors Nationals rotate among cities outside of California throughout the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and was among the very first to unite collectors all around the world. In addition, he writes the Tomart’s Guide To Hot Wheels, a book listing history, car descriptions and values, which can be used by nearly every collector to learn more about the hobby along with their own collection. Strauss sold his set from 2011 and retired from the Hot Wheels Newsletter.
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