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It was 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 their cars, permitting the use of initial layout blueprints and detailing. Although Hot Wheels were originally meant for children and young adults, they’ve become popular with mature lovers, for whom limited edition models are now made accessible.
Racing track Collection
Along with the cars themselves, Mattel made a racing track record (sold separately). Even though it would be upgraded during the years, the first trail consisted of a set of brightly colored orange street segments (pieced together to make an oblong, circular race track), with a single (or sometimes two) “super hitter” (faux service channels through which cars passed onto the paths, featuring battery-powered spinning wheels, which could propel the cars across the tracks).
Through the years, Hot Wheels cars have been gathered mostly by kids, but in the previous 15 years[vague] there’s been a growth in the number of mature collectors. Mattel estimates that 41 million children grew up playing with all the toys, the ordinary collector has over 1,550 automobiles, and children between the ages of 5 and 15 have an average of 41 cars. Most consider the collecting craze started with this Treasure Hunts in 1995. Mike Strauss was known as the father of Hot Wheels amassing; he’s arranged two collectors’ occasions each year in some form since 1986. The very first event was the Annual Hot Wheels Collectors Convention, generally held every year at the autumn. The conference occurred in a variety of locations around the nation until 2001, once the first Annual Hot Wheels Collectors Nationals was put together. Ever since then, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate among cities out of California throughout the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and was among the very first to combine collectors all over the world. In addition, he writes the Tomart’s Guide To Hot Wheels, a book listing history, automobile descriptions and values, which is used by nearly every collector to find out more about the hobby along with their collection. Strauss sold his group in 2011 and retired in the Hot Wheels Newsletter.
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