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It was the main competitor of Matchbox before 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Even though Hot Wheels were originally meant for children and young adults, they have become popular with adult lovers, for whom limited edition models are currently made available.
Racing track Collection
Besides the cars themselves, Mattel made a racing track record (sold individually). Even though it could be upgraded throughout the years, the first track consisted of a string of brightly colored orange street segments (pieced together to form an oblong, circular race track), together with one (or two) “super walkers” (artificial service channels through which cars passed on the tracks, featuring battery-powered spinning wheels( which could propel the cars across the paths).
During the years, Hot Wheels cars have been collected mostly by children, but in the last 15 years[vague] there has been a rise in the amount of adult collectors. Mattel estimates that 41 million children grew up playing with all the toys, the typical collector has over 1,550 cars, and children between the ages of 5 and 15 have an average of 41 automobiles. Most consider the collecting craze started with the Treasure Hunts in 1995. Mike Strauss was known as the father of Hot Wheels collecting; he’s organized two collectors’ occasions each year in some sort since 1986. The very first event was the yearly Hot Wheels Collectors Convention, generally held each year in the autumn. The convention happened in various locations around the nation until 2001, once the first Annual Hot Wheels Collectors Nationals was assembled together. Since then, the Conventions are held every year in southern California. The Hot Wheels Collectors Nationals rotate one of cities outside of California during the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and was one of the first to unite collectors all around the world. He also writes the Tomart’s Guide To Hot Wheels, a publication listing history, car descriptions and worth, which can be used by nearly every collector to find out more about the hobby along with their own collection. Strauss sold his set in 2011 and retired in the Hot Wheels Newsletter.
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