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It had been the key competitor of Matchbox before 1997, when Mattel bought Tyco Toys, then-owner of Matchbox.
Many automobile manufacturers have licensed Hot Wheels to make scale models of the cars, allowing using first design patterns and detailing. Even though Hot Wheels were initially meant for kids and young adults, so they have become popular with mature lovers, for whom limited edition versions are now made available.
Racing track set
In addition to the cars themselves, Mattel made a racing track record (sold separately). Even though it could be updated during the years, the first trail consisted of a string of brightly colored orange road segments (pieced together to form an oblong, circular race track), using a single (or two) “super walkers” (faux service stations through which cars passed onto the paths, featuring battery-powered spinning wheels, which could propel the cars along the paths).
During the years, Hot Wheels cars are gathered mostly by children, but in the previous 15 years[vague] there’s been a growth 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 children between the ages of 5 and 15 have a mean of 41 automobiles. Most believe the collecting trend started with the Treasure Hunts at 1995. Mike Strauss was called the father of Hot Wheels collecting; he has arranged two collectors’ events annually in some sort since 1986. The very first event was the yearly Hot Wheels Collectors Convention, usually held every year in the autumn. The conference occurred in a variety of locations around the nation until 2001, when the very first Annual Hot Wheels Collectors Nationals was put together. Since that time, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate among cities outside of California throughout the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and was one of the first to combine collectors all around the world. In addition, he writes on the Tomart’s Guide To Hot Wheels, a publication listing history, car descriptions and worth, which can be used by nearly every collector to find out more about the hobby along with their own collection. Strauss sold his set in 2011 and retired from the Hot Wheels Newsletter.
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