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It had been the key competitor of Matchbox until 1997, when Mattel bought Tyco Toys, then-owner of Matchbox.
Many auto manufacturers have licensed Hot Wheels to make scale models of their cars, permitting the use of first design blueprints and detailing. Although Hot Wheels were initially meant for children and young adults, so they have become popular with adult collectors, such as limited edition models are now made available.
Racing track Collection
In addition to the cars themselves, Mattel made a racing track set (sold separately). Though it would be updated throughout the years, the original track consisted of a set of brightly colored orange street segments (pieced together to form an oblong( circular race track), together with one (or two) “super hitter” (faux service channels by which cars passed on the tracks, featuring battery-powered spinning wheels( which would propel the cars across the tracks).
Through time, Hot Wheels cars are 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 typical collector has over 1,550 cars, and kids between the ages of 5 and 15 have an average of 41 automobiles. Most believe the collecting trend started with this Treasure Hunts at 1995. Mike Strauss was called the father of Hot Wheels collecting; he’s arranged two collectors’ occasions annually in some sort since 1986. The first event was the yearly Hot Wheels Collectors Convention, normally held every year at the fall. The conference occurred in various locations around the nation until 2001, when the very first Annual Hot Wheels Collectors Nationals was placed together. Since that time, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate among cities out of California throughout the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and has been among the very first to unite collectors all around the world. In addition, he writes the Tomart’s Guide Into Hot Wheels, a publication listing history, car descriptions and values, which is used by nearly every collector to learn more about the hobby and also their own collection. Strauss sold his collection in 2011 and retired in the Hot Wheels Newsletter.
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