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It was the main competitor of Matchbox before 1997, when Mattel bought Tyco Toys, then-owner of Matchbox.
Though Hot Wheels were originally meant for children and young adults, they’ve become popular with mature collectors, for whom limited edition models are now made available.
Racing track set
Along with the cars themselves, Mattel made a racing track set (sold individually). Although it would be updated during the years, the first track consisted of a collection of brightly colored orange street segments (pieced together to make an oblong( circular race track), using a single (or occasionally two) “super chargers” (faux service channels through which cars passed onto the paths, featuring battery-powered spinning wheels( which would propel the cars across the tracks).
During time, Hot Wheels cars have been gathered mostly by children, but in the previous 15 years[vague] there has been an increase in the number of mature collectors. Mattel estimates that 41 million kids 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 cars. Most believe the collecting trend started with this Treasure Hunts in 1995. Mike Strauss has been known as the father of Hot Wheels collecting; he has arranged two collectors’ occasions annually in some sort since 1986. The very first event was the yearly Hot Wheels Collectors Convention, usually held each year in the autumn. The conference occurred in a variety of locations around the nation until 2001, when the first Annual Hot Wheels Collectors Nationals was set 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 one of the very first to unite collectors all around the world. He also writes on the Tomart’s Guide Into Hot Wheels, a book listing history, car descriptions and worth, which can be used by almost every collector to find out more about the hobby along with their own collection. Strauss sold his set from 2011 and retired in the Hot Wheels Newsletter.
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