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It was the main competitor of Matchbox until 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Even though Hot Wheels were initially meant for kids and young adults, so they have become popular with mature collectors, such as limited edition versions are currently made available.
Racing track set
Besides the cars themselves, Mattel made a racing track set (sold separately). Even though it could be updated throughout the years, the first track consisted of a collection of brightly colored orange street segments (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 paths, featuring battery-powered spinning wheels, which would propel the cars across the paths).
During time, Hot Wheels cars are collected mostly by kids, but in the previous 15 years[vague] there has been an increase in the amount of mature collectors. Mattel estimates that 41 million children grew up playing with all the toys, the average collector has over 1,550 automobiles, and kids between the ages of 5 and 15 have a mean of 41 automobiles. Most believe the collecting craze began with this Treasure Hunts at 1995. Mike Strauss has been called the father of Hot Wheels amassing; he’s organized two collectors’ events each year in some sort since 1986. The first event was the Annual Hot Wheels Collectors Convention, generally held every year at the fall. The convention happened in a variety of locations around the country before 2001, when the very first Annual Hot Wheels Collectors Nationals was set together. Since that time, the Conventions are held every year in southern California. The Hot Wheels Collectors Nationals rotate among cities out of California through the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and was among the first to unite collectors all around the world. In addition, he writes the Tomart’s Guide Into Hot Wheels, a book listing history, automobile descriptions and values, which is used by nearly every collector to learn more about the hobby and also their own collection. Strauss sold his collection from 2011 and retired in the Hot Wheels Newsletter.
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