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It had been the main competitor of Matchbox until 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Even though Hot Wheels were originally meant for kids and young adults, they’ve become popular with mature lovers, for whom limited edition models are currently made available.
Racing track Collection
Along with the cars themselves, Mattel produced a racing track set (sold individually). Although it would be updated during the years, the first track consisted of a collection of brightly colored orange road segments (pieced together to make an oblong( circular race track), together with a single (or occasionally two) “super chargers” (artificial service channels by which cars passed onto the paths, featuring battery-powered spinning wheels, which could propel the cars across the paths).
During time, Hot Wheels cars are gathered mostly by kids, but in the last 15 years[vague] there has been a growth in the amount of mature collectors. Mattel estimates that 41 million kids grew up playing with all the toys, the normal collector has over 1,550 automobiles, and children between the ages of 5 and 15 have an average of 41 automobiles. Most consider the collecting trend started with the Treasure Hunts at 1995. Mike Strauss was called the father of Hot Wheels collecting; he has organized two collectors’ events annually in some form since 1986. The very 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 country until 2001, once the first Annual Hot Wheels Collectors Nationals was set together. Since then, the Conventions are held every year in southern California. 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 has been among the very first to unite collectors all over the world. In addition, he writes the Tomart’s Guide To Hot Wheels, a book listing history, auto descriptions and values, which is used by almost every collector to learn 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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