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It was the primary competitor of Matchbox until 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Though Hot Wheels were originally meant for kids and young adults, they have become popular with adult lovers, for whom limited edition versions are now made available.
Racing track Collection
Along with the cars themselves, Mattel made a racing track set (sold separately). Even though it would be upgraded throughout time, the initial trail consisted of a string of brightly colored orange road segments (pieced together to make an oblong( circular race track), with a single (or sometimes two) “super walkers” (artificial service channels by which cars passed on the paths, including battery-powered spinning wheels( which could propel the cars along the paths).
During the years, Hot Wheels cars have been gathered mostly by kids, but in 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 ordinary collector has over 1,550 cars, and kids between the ages of 5 and 15 have an average of 41 cars. Most believe the collecting trend began with this Treasure Hunts at 1995. Mike Strauss was called the father of Hot Wheels collecting; he’s arranged two collectors’ events each year in some form since 1986. The very first event was the yearly Hot Wheels Collectors Convention, normally held every year in the fall. The convention occurred in various locations around the nation until 2001, when the first Annual Hot Wheels Collectors Nationals was placed together. Ever since then, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate among cities out of California during the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and has been one of the first to combine collectors all around the world. He also writes the Tomart’s Guide To Hot Wheels, a publication listing history, car descriptions and worth, which is used by almost every collector to find out more about the hobby and their own collection. Strauss sold his collection from 2011 and retired in the Hot Wheels Newsletter.
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