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It was the primary competitor of Matchbox until 1997, when Mattel bought Tyco Toys, then-owner of Matchbox.
Though Hot Wheels were originally intended for kids and young adults, so they have become popular with mature collectors, for whom limited edition models are currently made accessible.
Racing track Collection
In addition to the cars themselves, Mattel made a racing track set (sold separately). Though it would be upgraded during time, the original trail consisted of a series of brightly colored orange street sections (pieced together to make an oblong( circular race track), together with a single (or sometimes two) “super chargers” (artificial service stations by which cars passed onto the paths, including battery-powered spinning wheels, which would propel the cars across the tracks).
During time, Hot Wheels cars are gathered mostly by kids, but in the previous 15 years[vague] there’s been an increase in the amount of mature collectors. Mattel estimates that 41 million children grew up playing with the toys, the normal collector has over 1,550 automobiles, and children between the ages of 5 and 15 have a mean of 41 cars. Most consider the collecting trend started with the Treasure Hunts in 1995. Mike Strauss has been called the father of Hot Wheels collecting; he has organized two collectors’ occasions each year in some form since 1986. The very first event was the yearly Hot Wheels Collectors Convention, normally held each year in the autumn. 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. The Hot Wheels Collectors Nationals rotate one of cities out of California throughout the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and was one of the first to combine collectors all around the world. In addition, he writes the Tomart’s Guide Into Hot Wheels, a book listing history, auto descriptions and values, which can be used by almost every collector to find out more about the hobby and their own collection. Strauss sold his group in 2011 and retired in the Hot Wheels Newsletter.
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