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It was the key competitor of Matchbox before 1997, when Mattel bought Tyco Toys, then-owner of Matchbox.
Even though Hot Wheels were initially meant for kids and young adults, so they’ve become popular with mature collectors, such as limited edition versions are now made available.
Racing track Collection
Besides the cars themselves, Mattel made a racing track record (sold individually). Although it would be updated during the years, the first track consisted of a collection of brightly colored orange street sections (pieced together to make an oblong, circular race track), together with a single (or occasionally two) “super walkers” (artificial service channels through which cars passed onto the paths, including battery-powered spinning wheels, which would propel the cars along the tracks).
Through the years, Hot Wheels cars have been gathered mostly by children, but at the last 15 years[vague] there’s been a rise in the number of mature collectors. Mattel estimates that 41 million kids grew up playing with the toys, the typical collector has over 1,550 automobiles, and kids between the ages of 5 and 15 have a mean of 41 automobiles. Most consider the collecting craze began with this Treasure Hunts in 1995. Mike Strauss was called the father of Hot Wheels amassing; he’s organized two collectors’ occasions each year in some sort since 1986. The very first event was the yearly Hot Wheels Collectors Convention, generally held each year in the autumn. The conference occurred in a variety of locations around the nation before 2001, when the first Annual Hot Wheels Collectors Nationals was put together. The Hot Wheels Collectors Nationals rotate one of cities outside of California during the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and was one of the very first to combine collectors all over the world. He also writes on the Tomart’s Guide To Hot Wheels, a book listing history, automobile descriptions and worth, which is 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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