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It was the main competitor of Matchbox before 1997, when Mattel bought Tyco Toys, then-owner of Matchbox.
Many auto manufacturers have licensed Hot Wheels to make scale models of the cars, allowing using initial layout blueprints and detailing. Though Hot Wheels were originally meant for children and young adults, so they have become popular with adult collectors, for whom limited edition models are currently made accessible.
Racing track set
Besides the cars themselves, Mattel produced a racing track record (sold individually). Though it would be upgraded throughout time, the original track consisted of a string of brightly colored orange road sections (pieced together to make an oblong, circular race track), using a single (or sometimes two) “super chargers” (artificial service channels through which cars passed onto the paths, including battery-powered spinning wheels( which could propel the cars along the tracks).
During the years, Hot Wheels cars are gathered mostly by kids, but at the previous 15 years[vague] there has been a rise in the amount of adult collectors. Mattel estimates that 41 million kids grew up playing with the toys, the average collector has over 1,550 automobiles, and kids between the ages of 5 and 15 have an average of 41 cars. Most consider the collecting craze started with the Treasure Hunts in 1995. Mike Strauss has been known as the father of Hot Wheels collecting; he’s organized two collectors’ occasions annually in some form since 1986. The first event was the Annual Hot Wheels Collectors Convention, normally held every year at the fall. The convention happened in various locations around the nation until 2001, once the first Annual Hot Wheels Collectors Nationals was assembled together. The Hot Wheels Collectors Nationals rotate one of cities outside of California during the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and was among the very first to combine collectors all over the world. He also writes the Tomart’s Guide Into Hot Wheels, a book listing history, car descriptions and worth, which is used by virtually 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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