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

Many automobile manufacturers have licensed Hot Wheels to make scale models of the cars, allowing the use of first layout blueprints and detailing. Though Hot Wheels were initially meant for children and young adults, they’ve become popular with mature lovers, for whom limited edition versions are currently made accessible.

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Racing track set

In addition to the cars themselves, Mattel made a racing track record (sold individually). Though it would be upgraded during the years, the original trail consisted of a series of brightly colored orange road sections (pieced together to form an oblong, circular race track), with one (or sometimes two) “super walkers” (artificial service stations by which cars passed on the tracks, including battery-powered spinning wheels, which would propel the cars across the tracks).

Through the years, Hot Wheels cars are gathered mostly by children, but at the previous 15 years[vague] there’s been a growth in the amount of mature collectors. Mattel estimates that 41 million kids grew up playing with all the toys, the typical collector has over 1,550 automobiles, and kids between the ages of 5 and 15 have an average of 41 cars. Most believe the collecting trend began with this Treasure Hunts at 1995. Mike Strauss was called the father of Hot Wheels amassing; he’s organized two collectors’ events annually in some form since 1986. The first event was the yearly Hot Wheels Collectors Convention, usually held each year in the fall. The convention occurred in a variety of locations around the nation before 2001, once the very first Annual Hot Wheels Collectors Nationals was set together. Since that time, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate among cities out of California during the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and was among the first to combine collectors all over the world. He also writes on the Tomart’s Guide Into Hot Wheels, a publication listing history, automobile descriptions and values, which is used by nearly every collector to learn more about the hobby along with their own collection. Strauss sold his group from 2011 and retired from the Hot Wheels Newsletter.

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