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It was the key 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 their cars, permitting the use of original design blueprints and detailing. Even though Hot Wheels were initially intended for kids and young adults, so they have become popular with adult lovers, for whom limited edition versions are currently made accessible.
Racing track Collection
In addition to the cars themselves, Mattel made a racing track set (sold separately). Although it could be updated during time, the original trail consisted of a string of brightly colored orange road segments (pieced together to form an oblong, circular race track), together with a single (or two) “super chargers” (artificial service stations through which cars passed onto the tracks, including battery-powered spinning wheels( which would propel the cars along the tracks).
Through time, Hot Wheels cars have been gathered mostly by children, but at the past 15 years[vague] there’s been a growth in the number of mature collectors. Mattel estimates that 41 million children grew up playing with all the toys, the average collector has over 1,550 cars, and children between the ages of 5 and 15 have an average of 41 cars. Most believe the collecting craze started with this Treasure Hunts in 1995. Mike Strauss was called the father of Hot Wheels collecting; he has organized two collectors’ occasions annually in some form since 1986. The very first event was the Annual Hot Wheels Collectors Convention, generally held every year at the autumn. The conference occurred in a variety of locations around the nation until 2001, once the first Annual Hot Wheels Collectors Nationals was set together. Ever since then, the Conventions are held every 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 one of the first to unite collectors all over the world. He also writes on the Tomart’s Guide Into Hot Wheels, a book listing history, auto descriptions and values, which is used by virtually every collector to find out more about the hobby and also their collection. Strauss sold his group in 2011 and retired in the Hot Wheels Newsletter.
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