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It had been the main competitor of Matchbox until 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Though Hot Wheels were initially intended for children and young adults, so they have become popular with adult lovers, such as limited edition versions are currently made accessible.
Racing track Collection
Besides the cars themselves, Mattel made a racing track record (sold individually). Though it could be updated throughout the years, the initial trail consisted of a string of brightly colored orange street segments (pieced together to form an oblong( circular race track), with one (or two) “super chargers” (faux service channels by which cars passed on the tracks, including battery-powered spinning wheels, which could propel the cars along the tracks).
During the years, Hot Wheels cars have been collected mostly by kids, but at the last 15 years[vague] there has been a growth in the amount of adult collectors. Mattel estimates that 41 million kids grew up playing with the toys, the typical collector has over 1,550 cars, and kids between the ages of 5 and 15 have a mean of 41 automobiles. Most believe the collecting trend began with the Treasure Hunts in 1995. Mike Strauss has been known as the father of Hot Wheels collecting; he’s arranged two collectors’ occasions each year in some sort since 1986. The very first event was the yearly Hot Wheels Collectors Convention, usually held each year in the autumn. The convention happened in various locations around the nation until 2001, once the very first Annual Hot Wheels Collectors Nationals was placed together. The Hot Wheels Collectors Nationals rotate among cities outside of California throughout the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and has been one of the first to unite collectors all around the world. In addition, he writes the Tomart’s Guide To Hot Wheels, a book listing history, automobile descriptions and worth, which is used by almost every collector to find out more about the hobby and their own collection. Strauss sold his group in 2011 and retired from the Hot Wheels Newsletter.
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