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It was the main competitor of Matchbox before 1997, when Mattel bought Tyco Toys, then-owner of Matchbox.
Many auto manufacturers have licensed Hot Wheels to make scale models of their cars, allowing the use of initial design blueprints and detailing. Though Hot Wheels were initially meant for children and young adults, so they’ve become popular with adult collectors, such as limited edition versions are now made available.
Racing track set
Along with the cars themselves, Mattel produced a racing track record (sold separately). Although it would be updated during the years, the initial track consisted of a collection of brightly colored orange street segments (pieced together to make an oblong, circular race track), using a single (or occasionally two) “super hitter” (artificial service channels by which cars passed onto the paths, including battery-powered spinning wheels, which could propel the cars along the tracks).
Through time, Hot Wheels cars have been gathered mostly by children, but at the last 15 years[vague] there’s been a rise in the amount of adult collectors. Mattel estimates that 41 million children 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 automobiles. Most believe the collecting trend started with the Treasure Hunts at 1995. Mike Strauss was called the father of Hot Wheels collecting; he has arranged two collectors’ occasions each year in some form since 1986. The very first event was the Annual Hot Wheels Collectors Convention, usually held every year in the fall. The convention happened in a variety of locations around the country until 2001, when the first Annual Hot Wheels Collectors Nationals was placed together. 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 unite collectors all over the world. In addition, he writes the Tomart’s Guide To Hot Wheels, a book listing history, auto descriptions and worth, which can be used by almost every collector to find out more about the hobby and also their collection. Strauss sold his group in 2011 and retired from the Hot Wheels Newsletter.
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