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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 the cars, allowing using original layout patterns and detailing. Even though Hot Wheels were initially intended for kids and young adults, so they’ve become popular with mature collectors, for whom limited edition models are currently made available.

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Racing track set

Besides the cars themselves, Mattel made a racing track record (sold individually). Though it would be updated during the years, the first track consisted of a collection of brightly colored orange street sections (pieced together to form an oblong, circular race track), using a single (or two) “super hitter” (faux service stations by which cars passed on the paths, including battery-powered spinning wheels, which would propel the cars along the paths).

Through the years, Hot Wheels cars are gathered mostly by children, but in the last 15 years[vague] there has been an increase 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 kids between the ages of 5 and 15 have a mean of 41 cars. Most believe the collecting craze began with this Treasure Hunts at 1995. Mike Strauss was called the father of Hot Wheels collecting; he has arranged two collectors’ events each year in some sort since 1986. The first event was the yearly Hot Wheels Collectors Convention, usually held each year in the autumn. The convention happened in a variety of locations around the country until 2001, once the first Annual Hot Wheels Collectors Nationals was assembled together. Since that time, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate one of cities out of California throughout the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and was one of the first to combine collectors all over the world. In addition, he writes on the Tomart’s Guide To Hot Wheels, a publication listing history, car descriptions and worth, which is used by nearly every collector to find out more about the hobby along with their collection. Strauss sold his collection from 2011 and retired in the Hot Wheels Newsletter.

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