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It had been the main competitor of Matchbox until 1997, when Mattel bought Tyco Toys, then-owner of Matchbox.
Many automobile manufacturers have licensed Hot Wheels to make scale models of their cars, allowing the use of first design blueprints and detailing. Even though Hot Wheels were originally meant for children and young adults, so they have become popular with adult lovers, for whom limited edition models are currently made accessible.
Racing track Collection
Besides the cars themselves, Mattel produced a racing track record (sold separately). Although it would be updated throughout time, the initial trail consisted of a set of brightly colored orange street segments (pieced together to make an oblong, circular race track), together with a single (or sometimes two) “super hitter” (faux service stations by which cars passed onto the tracks, featuring battery-powered spinning wheels( which would propel the cars across the paths).
During the years, Hot Wheels cars have been gathered mostly by kids, but at the past 15 years[vague] there has been a growth in the number of mature collectors. Mattel estimates that 41 million kids grew up playing with all the toys, the average collector has over 1,550 cars, and children between the ages of 5 and 15 have a mean of 41 cars. Most believe the collecting craze began with the Treasure Hunts in 1995. Mike Strauss has been known as the father of Hot Wheels amassing; he’s arranged two collectors’ events annually in some form since 1986. The very first event was the yearly Hot Wheels Collectors Convention, normally held each year in the fall. The conference happened in a variety of locations around the nation until 2001, once the very first Annual Hot Wheels Collectors Nationals was put together. The Hot Wheels Collectors Nationals rotate among cities outside of California through the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and has been among the very first to unite collectors all over the world. He also writes the Tomart’s Guide Into Hot Wheels, a book listing history, car descriptions and values, which is used by virtually every collector to learn more about the hobby along with their collection. Strauss sold his set in 2011 and retired from the Hot Wheels Newsletter.
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