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It had been the main competitor of Matchbox until 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Many auto manufacturers have licensed Hot Wheels to make scale models of the cars, allowing the use of initial layout patterns and detailing. Although Hot Wheels were originally intended for children and young adults, they have become popular with mature collectors, for whom limited edition versions are currently made accessible.
Racing track set
In addition to the cars themselves, Mattel made a racing track set (sold individually). Even though it could be updated during time, the initial trail consisted of a series of brightly colored orange street segments (pieced together to make an oblong, circular race track), together with a single (or occasionally two) “super hitter” (artificial service stations through which cars passed on the tracks, including battery-powered spinning wheels, which could propel the cars across the paths).
During the years, Hot Wheels cars are gathered mostly by children, but in the past 15 years[vague] there’s been a rise 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 this Treasure Hunts in 1995. Mike Strauss was known as the father of Hot Wheels collecting; he has arranged two collectors’ occasions each year in some sort since 1986. The very first event was the yearly Hot Wheels Collectors Convention, normally held each year at the autumn. The conference happened in a variety of locations around the country before 2001, once the very first Annual Hot Wheels Collectors Nationals was set together. Since then, 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 one of the very first to unite collectors all around the world. In addition, he writes the Tomart’s Guide Into Hot Wheels, a publication listing history, auto descriptions and worth, which can be used by almost every collector to learn more about the hobby along with their own collection. Strauss sold his group in 2011 and retired from the Hot Wheels Newsletter.
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