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It was the key competitor of Matchbox until 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Even though Hot Wheels were originally meant for kids and young adults, so they have become popular with adult collectors, for whom limited edition models are now made available.
Racing track Collection
In addition to the cars themselves, Mattel produced a racing track record (sold separately). Though it could be updated during the years, the first trail consisted of a series of brightly colored orange street segments (pieced together to form an oblong, circular race track), together with a single (or sometimes two) “super hitter” (artificial service stations through which cars passed on 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 kids, but at the past 15 years[vague] there’s been a growth in the amount of adult collectors. Mattel estimates that 41 million children grew up playing with the toys, the typical collector has over 1,550 cars, and children between the ages of 5 and 15 have an average of 41 automobiles. Most consider the collecting craze began with the Treasure Hunts at 1995. Mike Strauss was known as the father of Hot Wheels amassing; he has arranged two collectors’ occasions annually in some form since 1986. The very first event was the Annual Hot Wheels Collectors Convention, usually held each year at the fall. The conference occurred in a variety of locations around the nation before 2001, once the first Annual Hot Wheels Collectors Nationals was set together. The Hot Wheels Collectors Nationals rotate among cities out of California through the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and has been one of the first to unite collectors all over the world. In addition, he writes on the Tomart’s Guide To Hot Wheels, a publication listing history, auto descriptions and worth, which can be used by almost every collector to find out more about the hobby and their own collection. Strauss sold his set in 2011 and retired from the Hot Wheels Newsletter.
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