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It had been the primary competitor of Matchbox until 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Even though Hot Wheels were originally meant for children and young adults, so they have become popular with mature collectors, for whom limited edition models are currently made accessible.
Racing track Collection
Along with the cars themselves, Mattel produced a racing track record (sold separately). Even though it would be upgraded throughout time, the original track consisted of a string of brightly colored orange road segments (pieced together to make an oblong( circular race track), with one (or occasionally two) “super walkers” (artificial service stations through which cars passed onto the tracks, including battery-powered spinning wheels( which would propel the cars along the tracks).
Through the years, Hot Wheels cars are collected mostly by kids, but in the last 15 years[vague] there’s been a rise in the number of mature collectors. Mattel estimates that 41 million children grew up playing with all the toys, the typical 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 started with the Treasure Hunts at 1995. Mike Strauss was called the father of Hot Wheels amassing; he has organized two collectors’ events annually in some sort since 1986. The very first event was the Annual Hot Wheels Collectors Convention, normally held each year at the autumn. The conference occurred in various locations around the nation until 2001, once the first Annual Hot Wheels Collectors Nationals was set together. Ever since that time, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate among cities outside of California through the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and has been among the very first to combine collectors all over the world. He also writes the Tomart’s Guide To Hot Wheels, a publication listing history, car descriptions and worth, which is used by virtually every collector to learn more about the hobby and also their own collection. Strauss sold his group from 2011 and retired in the Hot Wheels Newsletter.
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