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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 the cars, allowing the use of first design patterns and detailing. Even though Hot Wheels were initially meant for children and young adults, they have become popular with mature collectors, such as limited edition models are now made available.
Racing track Collection
Besides the cars themselves, Mattel made a racing track record (sold separately). Though it could be updated throughout time, the initial track consisted of a string of brightly colored orange road sections (pieced together to make an oblong( circular race track), together with a single (or occasionally two) “super chargers” (faux service channels through which cars passed onto the paths, featuring battery-powered spinning wheels( which could propel the cars along the tracks).
Through the years, Hot Wheels cars are gathered mostly by children, but in the previous 15 years[vague] there has been an increase in the number of adult collectors. Mattel estimates that 41 million children grew up playing with the toys, the ordinary collector has over 1,550 cars, and kids 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 known as the father of Hot Wheels amassing; he’s organized two collectors’ occasions each year in some sort since 1986. The first event was the Annual Hot Wheels Collectors Convention, usually held each year in the autumn. The conference occurred in a variety of locations around the country before 2001, once the first Annual Hot Wheels Collectors Nationals was put together. The Hot Wheels Collectors Nationals rotate among cities out of California throughout the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and has been one of the first to combine collectors all around the world. In addition, he writes on the Tomart’s Guide To Hot Wheels, a publication listing history, car descriptions and worth, which is used by nearly every collector to find out more about the hobby and their own collection. Strauss sold his group in 2011 and retired in the Hot Wheels Newsletter.
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