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It was the primary competitor of Matchbox before 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Though Hot Wheels were initially meant for children and young adults, so they have become popular with mature collectors, for whom limited edition models are currently made available.
Racing track Collection
Besides the cars themselves, Mattel produced a racing track record (sold separately). Though it could be updated throughout time, the first track consisted of a collection of brightly colored orange street sections (pieced together to form an oblong( circular race track), with a single (or occasionally two) “super hitter” (faux service stations by which cars passed on the tracks, including battery-powered spinning wheels( which could propel the cars along the paths).
During the years, Hot Wheels cars are collected mostly by kids, but at the previous 15 years[vague] there’s been a rise 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 automobiles, and children between the ages of 5 and 15 have an average of 41 cars. Most consider the collecting trend began with the Treasure Hunts at 1995. Mike Strauss has been called the father of Hot Wheels amassing; he’s organized two collectors’ events annually in some sort since 1986. The very first event was the yearly Hot Wheels Collectors Convention, normally held every year at the autumn. The conference happened in a variety of locations around the country until 2001, once 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 through the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and was one of the very first to combine collectors all over the world. He also writes on the Tomart’s Guide Into Hot Wheels, a book listing history, car descriptions and values, which can be used by nearly every collector to learn more about the hobby and also their own collection. Strauss sold his set in 2011 and retired from the Hot Wheels Newsletter.
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