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It had been the primary competitor of Matchbox before 1997, when Mattel bought Tyco Toys, then-owner of Matchbox.
Although Hot Wheels were originally meant for kids and young adults, they have become popular with adult collectors, for whom limited edition versions are now made available.
Racing track Collection
Besides the cars themselves, Mattel made a racing track set (sold individually). Although it would be updated throughout time, the initial trail consisted of a series of brightly colored orange street sections (pieced together to form an oblong( circular race track), with one (or occasionally two) “super chargers” (artificial service channels through which cars passed onto the tracks, featuring battery-powered spinning wheels, which could propel the cars across the tracks).
During time, Hot Wheels cars are gathered mostly by children, but at the last 15 years[vague] there has been a rise in the amount of mature collectors. Mattel estimates that 41 million kids grew up playing with the toys, the normal collector has over 1,550 cars, and kids between the ages of 5 and 15 have a mean of 41 automobiles. Most consider 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 annually in some form since 1986. The first event was the yearly Hot Wheels Collectors Convention, usually held each year in the autumn. The conference occurred in a variety of locations around the country before 2001, once the first Annual Hot Wheels Collectors Nationals was put together. Since then, the Conventions are held every year in southern California. The Hot Wheels Collectors Nationals rotate among cities outside of California throughout the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and has been one of the very first to unite collectors all over the world. In addition, he writes on the Tomart’s Guide To Hot Wheels, a publication listing history, auto descriptions and values, which is used by almost every collector to learn more about the hobby along with their own collection. Strauss sold his set from 2011 and retired from the Hot Wheels Newsletter.
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