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It was the main competitor of Matchbox until 1997, when Mattel bought Tyco Toys, then-owner of Matchbox.

Many automobile manufacturers have licensed Hot Wheels to make scale models of their cars, allowing the use of first layout patterns and detailing. Though Hot Wheels were initially meant for children and young adults, so they have become popular with adult collectors, such as limited edition versions are currently made accessible.

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"Hot Wheels" Casino Promotion: Apparently Not a Toy Story

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"Hot Wheels" Casino Promotion: Apparently Not a Toy Story

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Hotwheels Logo

Hotwheels Logo

Racing track set

In addition to the cars themselves, Mattel made a racing track record (sold individually). Though it would be updated throughout time, the original trail consisted of a string of brightly colored orange street segments (pieced together to make an oblong( circular race track), together with one (or sometimes two) “super hitter” (faux service channels through which cars passed onto the tracks, including battery-powered spinning wheels, which could propel the cars along the paths).

During the years, Hot Wheels cars have been gathered mostly by kids, but in the past 15 years[vague] there has been a growth in the number of mature collectors. Mattel estimates that 41 million kids grew up playing with the toys, the ordinary 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 craze began with the Treasure Hunts in 1995. Mike Strauss was called the father of Hot Wheels collecting; he has organized two collectors’ occasions each year in some form since 1986. The first event was the Annual Hot Wheels Collectors Convention, usually held every year in the autumn. The conference occurred in a variety of locations around the nation before 2001, when the 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 one of cities out of California during the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and was among the very first to unite collectors all over the world. In addition, he writes the Tomart’s Guide To Hot Wheels, a publication listing history, auto descriptions and values, which is used by virtually every collector to find out more about the hobby and their collection. Strauss sold his set from 2011 and retired in the Hot Wheels Newsletter.

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