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

Many automobile manufacturers have licensed Hot Wheels to make scale models of their cars, allowing using original layout blueprints and detailing. Although 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

In addition to the cars themselves, Mattel made a racing track record (sold individually). Though it would be updated during time, the initial track consisted of a collection of brightly colored orange road segments (pieced together to form an oblong( circular race track), with one (or occasionally two) “super chargers” (artificial service channels by which cars passed onto the paths, including battery-powered spinning wheels( which could propel the cars along the paths).

Through the years, Hot Wheels cars are gathered mostly by kids, but in the last 15 years[vague] there has been an increase in the number of adult collectors. Mattel estimates that 41 million children 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 trend began with this Treasure Hunts at 1995. Mike Strauss has been called the father of Hot Wheels amassing; he has organized two collectors’ events annually in some form since 1986. The first event was the yearly Hot Wheels Collectors Convention, usually held each year at the autumn. The convention happened in a variety of locations around the country before 2001, when the very first Annual Hot Wheels Collectors Nationals was assembled together. The Hot Wheels Collectors Nationals rotate among cities outside of California during the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and has been among the first to unite collectors all around the world. He also writes the Tomart’s Guide To Hot Wheels, a publication listing history, automobile descriptions and values, which is used by almost every collector to learn more about the hobby and their collection. Strauss sold his set from 2011 and retired from the Hot Wheels Newsletter.

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