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It was the key competitor of Matchbox before 1997, when Mattel bought Tyco Toys, then-owner of Matchbox.
Many automobile manufacturers have licensed Hot Wheels to make scale models of their cars, permitting using original layout blueprints and detailing. Even though Hot Wheels were originally meant for children and young adults, so they’ve become popular with mature collectors, such as limited edition versions are now made accessible.
Racing track set
Besides the cars themselves, Mattel made a racing track set (sold individually). Though it would be updated throughout time, the original trail consisted of a series of brightly colored orange street sections (pieced together to form an oblong, circular race track), with a single (or occasionally two) “super hitter” (artificial service stations by which cars passed onto the paths, including battery-powered spinning wheels, which could propel the cars across the tracks).
Through the years, Hot Wheels cars are collected mostly by kids, but at the previous 15 years[vague] there’s been a growth 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 children between the ages of 5 and 15 have a mean of 41 cars. Most believe the collecting trend began with the Treasure Hunts in 1995. Mike Strauss has been called the father of Hot Wheels amassing; he’s arranged two collectors’ events annually in some form since 1986. The very first event was the Annual Hot Wheels Collectors Convention, generally held every year at the autumn. The conference occurred in various locations around the country before 2001, when the very first Annual Hot Wheels Collectors Nationals was placed together. Ever since then, the Conventions are held every year in southern California. The Hot Wheels Collectors Nationals rotate among 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 around the world. In addition, he writes the Tomart’s Guide Into Hot Wheels, a book listing history, car descriptions and values, which can be used by virtually every collector to find out more about the hobby and also their collection. Strauss sold his group from 2011 and retired from the Hot Wheels Newsletter.
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