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It was 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 the cars, permitting the use of original design blueprints and detailing. Though Hot Wheels were initially meant for kids and young adults, so they have become popular with mature collectors, for whom limited edition versions are now made available.
Racing track Collection
Along with the cars themselves, Mattel made a racing track record (sold separately). Even though it could be upgraded during time, the original trail consisted of a series of brightly colored orange street sections (pieced together to form an oblong, circular race track), together with one (or sometimes two) “super hitter” (faux service stations through which cars passed on the tracks, including battery-powered spinning wheels, which would propel the cars along the paths).
Through the years, Hot Wheels cars are gathered mostly by kids, but at the last 15 years[vague] there’s been a rise in the number of adult collectors. Mattel estimates that 41 million kids grew up playing with all the toys, the typical 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 trend started with this Treasure Hunts in 1995. Mike Strauss was known as the father of Hot Wheels amassing; he’s arranged two collectors’ events each year in some form since 1986. The very first event was the yearly Hot Wheels Collectors Convention, usually held every year in the autumn. The conference occurred in a variety of locations around the nation until 2001, when the very first Annual Hot Wheels Collectors Nationals was set together. The Hot Wheels Collectors Nationals rotate among cities out of California through 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. In addition, he writes on the Tomart’s Guide Into Hot Wheels, a publication listing history, automobile descriptions and worth, which is used by almost every collector to learn more about the hobby and their collection. Strauss sold his group from 2011 and retired from the Hot Wheels Newsletter.
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