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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, allowing using initial layout patterns and detailing. Even though Hot Wheels were initially intended for children and young adults, so they’ve become popular with adult lovers, for whom limited edition models are currently made available.
Racing track set
Besides the cars themselves, Mattel made a racing track set (sold separately). Although it would be upgraded throughout the years, the initial track consisted of a series of brightly colored orange road segments (pieced together to form an oblong, circular race track), with one (or sometimes two) “super chargers” (artificial service channels by which cars passed onto the tracks, including battery-powered spinning wheels( which would propel the cars across the paths).
Through time, Hot Wheels cars have been collected mostly by kids, but in the last 15 years[vague] there’s been a rise in the number of adult collectors. Mattel estimates that 41 million kids grew up playing with the toys, the average collector has over 1,550 automobiles, and kids between the ages of 5 and 15 have an average of 41 cars. Most believe the collecting craze started with the Treasure Hunts in 1995. Mike Strauss was called the father of Hot Wheels collecting; he’s arranged two collectors’ occasions each year in some sort since 1986. The first event was the Annual Hot Wheels Collectors Convention, usually held every year at the fall. The convention occurred in a variety of locations around the country until 2001, once the first Annual Hot Wheels Collectors Nationals was put together. Since that time, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate among cities outside of California during the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and has been one of the very first to combine 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 virtually every collector to find out more about the hobby and their collection. Strauss sold his set from 2011 and retired from the Hot Wheels Newsletter.
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