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It was the main competitor of Matchbox until 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Many auto manufacturers have licensed Hot Wheels to make scale models of the cars, permitting the use of initial layout blueprints and detailing. Even though Hot Wheels were initially meant for kids and young adults, so they have become popular with mature collectors, for whom limited edition models are currently made available.
Racing track Collection
Besides the cars themselves, Mattel produced a racing track record (sold individually). Though it would be updated throughout the years, the first trail consisted of a set of brightly colored orange street segments (pieced together to make an oblong, circular race track), together with a single (or two) “super chargers” (faux service stations by which cars passed onto the paths, featuring battery-powered spinning wheels( which would propel the cars across the paths).
Through time, Hot Wheels cars have been gathered mostly by children, but at the previous 15 years[vague] there’s been a growth in the amount of adult collectors. Mattel estimates that 41 million children grew up playing with all the toys, the normal collector has over 1,550 cars, and kids between the ages of 5 and 15 have an average of 41 cars. Most believe the collecting craze began with the Treasure Hunts at 1995. Mike Strauss was known as the father of Hot Wheels amassing; he has arranged two collectors’ events annually in some sort since 1986. The very first event was the Annual Hot Wheels Collectors Convention, normally held every year at the autumn. The conference occurred in various locations around the country before 2001, once the first Annual Hot Wheels Collectors Nationals was placed together. The Hot Wheels Collectors Nationals rotate one of cities outside of California throughout the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and was among the first to unite collectors all around the world. He also writes on the Tomart’s Guide To Hot Wheels, a book listing history, auto descriptions and values, which can be used by virtually every collector to learn more about the hobby and also their collection. Strauss sold his collection from 2011 and retired in the Hot Wheels Newsletter.
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