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It had been the main competitor of Matchbox before 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Many automobile manufacturers have licensed Hot Wheels to make scale models of the cars, allowing the use of initial layout blueprints and detailing. Although Hot Wheels were initially intended for children and young adults, they have become popular with adult collectors, such as limited edition models are now made available.
Racing track Collection
Along with the cars themselves, Mattel made a racing track record (sold separately). Even though it could be updated throughout time, the initial trail consisted of a series of brightly colored orange road sections (pieced together to make an oblong, circular race track), together with a single (or two) “super hitter” (artificial service channels by which cars passed onto the tracks, featuring battery-powered spinning wheels( which would propel the cars along the paths).
Through the years, Hot Wheels cars have been gathered mostly by children, but in the past 15 years[vague] there’s been a growth in the number of adult collectors. Mattel estimates that 41 million children grew up playing with the toys, the typical collector has over 1,550 cars, and kids between the ages of 5 and 15 have a mean of 41 cars. Most believe the collecting craze started with the Treasure Hunts in 1995. Mike Strauss was called the father of Hot Wheels collecting; he has arranged two collectors’ occasions annually in some sort since 1986. The first event was the yearly Hot Wheels Collectors Convention, generally held each year in the autumn. The convention occurred in a variety of locations around the nation before 2001, when the very first Annual Hot Wheels Collectors Nationals was placed together. Ever since then, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate one of cities outside of California through the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and was among the first to unite collectors all over the world. He also 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 learn more about the hobby along with their own collection. Strauss sold his group in 2011 and retired in the Hot Wheels Newsletter.
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