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It had been the key competitor of Matchbox before 1997, when Mattel bought Tyco Toys, then-owner of Matchbox.
Many auto manufacturers have licensed Hot Wheels to make scale models of their cars, permitting using original layout patterns and detailing. Even though Hot Wheels were originally meant for kids and young adults, so they have become popular with mature lovers, such as limited edition versions are currently made available.
Racing track Collection
In addition to the cars themselves, Mattel produced a racing track set (sold individually). Though it would be upgraded throughout the years, the original track consisted of a set of brightly colored orange road segments (pieced together to make an oblong( circular race track), with one (or sometimes two) “super chargers” (faux service channels by which cars passed on the tracks, featuring battery-powered spinning wheels( which could propel the cars across the paths).
During time, Hot Wheels cars are gathered mostly by kids, but at the past 15 years[vague] there has been a growth in the amount of mature collectors. Mattel estimates that 41 million kids grew up playing with all the toys, the normal collector has over 1,550 automobiles, 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 has been called the father of Hot Wheels amassing; he’s organized two collectors’ occasions annually in some sort since 1986. The very first event was the Annual Hot Wheels Collectors Convention, generally held every year in the fall. The conference happened in various locations around the country before 2001, when the first Annual Hot Wheels Collectors Nationals was put together. Since that time, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate among cities out of California during the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and was one of the first to unite collectors all over the world. He also writes the Tomart’s Guide Into Hot Wheels, a book listing history, car descriptions and values, which is used by virtually every collector to find out more about the hobby and their collection. Strauss sold his collection from 2011 and retired from the Hot Wheels Newsletter.
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