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It was the key 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 original layout patterns and detailing. Even though Hot Wheels were initially intended for kids and young adults, they’ve become popular with adult lovers, for whom limited edition models are currently made available.
Racing track Collection
In addition to the cars themselves, Mattel made a racing track set (sold individually). Even though it could be upgraded during the years, the first trail consisted of a string of brightly colored orange street segments (pieced together to form an oblong, circular race track), together with a single (or two) “super walkers” (artificial service channels by which cars passed onto the paths, including battery-powered spinning wheels( which could propel the cars along the paths).
During time, Hot Wheels cars are gathered mostly by children, but at the last 15 years[vague] there has been a rise in the number of mature collectors. Mattel estimates that 41 million children grew up playing with all the toys, the ordinary collector has over 1,550 automobiles, and kids between the ages of 5 and 15 have an average of 41 automobiles. Most consider the collecting craze began with this Treasure Hunts in 1995. Mike Strauss was known as the father of Hot Wheels collecting; he has arranged two collectors’ events each year in some form since 1986. The very first event was the yearly Hot Wheels Collectors Convention, usually held each year at the fall. The conference happened in various locations around the country until 2001, once the very first Annual Hot Wheels Collectors Nationals was set together. Ever since then, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate one of cities out of California during the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and was one of the very first to combine collectors all around the world. He also writes the Tomart’s Guide Into Hot Wheels, a book listing history, auto descriptions and values, which is used by almost every collector to find out more about the hobby and also their collection. Strauss sold his collection in 2011 and retired from the Hot Wheels Newsletter.
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