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It was the primary competitor of Matchbox before 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Although Hot Wheels were initially intended for children and young adults, they’ve become popular with mature collectors, such as limited edition versions are now made available.
Racing track Collection
In addition to the cars themselves, Mattel produced a racing track set (sold individually). Though it could be upgraded during the years, the first track consisted of a series of brightly colored orange road segments (pieced together to make an oblong, circular race track), using one (or occasionally two) “super chargers” (faux service stations through which cars passed onto the paths, including battery-powered spinning wheels( which could propel the cars across the paths).
Through time, Hot Wheels cars have been gathered mostly by children, but in the previous 15 years[vague] there’s been an increase in the number of adult collectors. Mattel estimates that 41 million children grew up playing with the toys, the normal collector has over 1,550 automobiles, and kids between the ages of 5 and 15 have an average of 41 automobiles. Most consider the collecting trend began with the Treasure Hunts in 1995. Mike Strauss has been called the father of Hot Wheels amassing; he’s organized two collectors’ occasions each year in some sort since 1986. The very first event was the Annual Hot Wheels Collectors Convention, normally held each year in the autumn. The conference happened in various locations around the country until 2001, when the first Annual Hot Wheels Collectors Nationals was put together. Ever since that time, the Conventions are held every year in southern California. The Hot Wheels Collectors Nationals rotate one of cities out of California throughout the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and was among the first to combine collectors all over the world. In addition, he writes the Tomart’s Guide To Hot Wheels, a publication listing history, car descriptions and worth, which can be used by almost every collector to find out more about the hobby and their own collection. Strauss sold his set in 2011 and retired from the Hot Wheels Newsletter.
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