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It had been the main competitor of Matchbox before 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Many auto manufacturers have licensed Hot Wheels to make scale models of their cars, permitting using original layout blueprints and detailing. Although Hot Wheels were initially intended for children and young adults, so they have become popular with adult collectors, such as limited edition models are now made accessible.
Racing track set
Besides the cars themselves, Mattel produced a racing track set (sold separately). Although it could be updated during the years, the first trail consisted of a string of brightly colored orange road sections (pieced together to form an oblong, circular race track), together with one (or two) “super hitter” (faux service channels through which cars passed onto the paths, including battery-powered spinning wheels, which could propel the cars across the paths).
During time, Hot Wheels cars are gathered mostly by kids, but at the previous 15 years[vague] there’s been a rise in the amount of mature collectors. Mattel estimates that 41 million kids grew up playing with all the toys, the typical collector has over 1,550 automobiles, and kids between the ages of 5 and 15 have a mean of 41 automobiles. Most consider the collecting trend began with this Treasure Hunts at 1995. Mike Strauss has been known as the father of Hot Wheels amassing; 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 each year in the fall. The convention happened in a variety of locations around the nation before 2001, when the very first Annual Hot Wheels Collectors Nationals was assembled together. Ever since that time, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate one of cities outside of California throughout the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and has been among the very first to unite collectors all around the world. In addition, he writes on the Tomart’s Guide To Hot Wheels, a book listing history, auto 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 group in 2011 and retired in the Hot Wheels Newsletter.
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