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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, allowing using first design blueprints and detailing. Though Hot Wheels were initially meant for children and young adults, they’ve become popular with mature collectors, such as limited edition models are now made accessible.
Racing track Collection
Besides the cars themselves, Mattel produced a racing track record (sold separately). Although it could be upgraded during time, the first track consisted of a collection of brightly colored orange street segments (pieced together to form an oblong( circular race track), with a single (or occasionally 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 collected mostly by children, but in the previous 15 years[vague] there’s been a rise in the amount of adult collectors. Mattel estimates that 41 million children grew up playing with all the toys, the normal collector has over 1,550 automobiles, and children between the ages of 5 and 15 have an average of 41 automobiles. Most consider the collecting craze started with the Treasure Hunts in 1995. Mike Strauss was known as the father of Hot Wheels collecting; he has organized two collectors’ occasions each year in some sort since 1986. The first event was the yearly Hot Wheels Collectors Convention, generally held each year in the autumn. The conference happened in a variety of locations around the country until 2001, once the first Annual Hot Wheels Collectors Nationals was assembled together. The Hot Wheels Collectors Nationals rotate among cities out of California during the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and has been among the very first to unite collectors all around the world. In addition, he writes on the Tomart’s Guide To Hot Wheels, a book listing history, car descriptions and worth, which is used by almost every collector to learn more about the hobby and also their own collection. Strauss sold his collection in 2011 and retired from the Hot Wheels Newsletter.
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