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It had been the main competitor of Matchbox before 1997, when Mattel bought Tyco Toys, then-owner of Matchbox.

Even though Hot Wheels were originally intended for children and young adults, they have become popular with mature lovers, such as limited edition versions are now made accessible.

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Racing track Collection

In addition to the cars themselves, Mattel produced a racing track set (sold separately). Although it could be upgraded throughout time, the initial trail consisted of a set of brightly colored orange street sections (pieced together to form an oblong( circular race track), using a single (or two) “super chargers” (artificial service stations through which cars passed on the tracks, featuring battery-powered spinning wheels, which would propel the cars across the paths).

Through time, Hot Wheels cars have been gathered mostly by children, but at the last 15 years[vague] there has been an increase in the number 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 an average of 41 cars. Most believe the collecting trend started with the Treasure Hunts at 1995. Mike Strauss has been called the father of Hot Wheels collecting; he’s arranged two collectors’ occasions each year in some sort since 1986. The very first event was the Annual Hot Wheels Collectors Convention, generally held every year at the fall. The conference occurred in various locations around the nation until 2001, when the first Annual Hot Wheels Collectors Nationals was placed together. The Hot Wheels Collectors Nationals rotate among cities outside of California throughout the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and has been among the very first to unite collectors all around the world. In addition, he writes the Tomart’s Guide Into Hot Wheels, a book listing history, automobile descriptions and worth, which can be used by almost every collector to find out more about the hobby and their own collection. Strauss sold his collection in 2011 and retired from the Hot Wheels Newsletter.

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