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It was the main competitor of Matchbox until 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Many auto manufacturers have licensed Hot Wheels to make scale models of the cars, allowing the use of first layout blueprints and detailing. Though Hot Wheels were originally meant for children and young adults, so they’ve become popular with mature collectors, for whom limited edition models are now made accessible.
Racing track Collection
Along with the cars themselves, Mattel produced a racing track set (sold individually). Even though it could be upgraded during the years, the initial trail consisted of a string of brightly colored orange road sections (pieced together to make an oblong( circular race track), together with one (or occasionally two) “super chargers” (artificial service channels through which cars passed onto the paths, featuring battery-powered spinning wheels, which would propel the cars across the tracks).
During the years, Hot Wheels cars have been gathered mostly by kids, but at the past 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 typical collector has over 1,550 automobiles, and kids between the ages of 5 and 15 have an average of 41 automobiles. Most consider the collecting trend began with this Treasure Hunts in 1995. Mike Strauss was known as the father of Hot Wheels amassing; he’s organized two collectors’ occasions annually in some sort since 1986. The first event was the yearly Hot Wheels Collectors Convention, normally held every year in the fall. The conference occurred in various locations around the country before 2001, when the very first Annual Hot Wheels Collectors Nationals was placed 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 was among the very first to unite collectors all around the world. In addition, he writes on the Tomart’s Guide Into Hot Wheels, a book listing history, car descriptions and worth, which can be used by nearly every collector to find out more about the hobby along with their collection. Strauss sold his collection in 2011 and retired from the Hot Wheels Newsletter.
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