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It was the key competitor of Matchbox until 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Though Hot Wheels were originally intended for children and young adults, so they have become popular with mature lovers, such as limited edition models are now made available.
Racing track Collection
In addition to the cars themselves, Mattel produced a racing track record (sold individually). Although it could be upgraded throughout the years, the initial track consisted of a series of brightly colored orange street segments (pieced together to make an oblong, circular race track), with a single (or two) “super walkers” (faux service stations through which cars passed onto the tracks, including battery-powered spinning wheels( which could propel the cars across the paths).
During time, Hot Wheels cars have been gathered mostly by kids, but at the previous 15 years[vague] there has been an increase in the amount of mature collectors. Mattel estimates that 41 million children grew up playing with all the toys, the average collector has over 1,550 automobiles, and children between the ages of 5 and 15 have a mean of 41 cars. Most consider the collecting trend began with the Treasure Hunts in 1995. Mike Strauss was called the father of Hot Wheels amassing; he’s organized two collectors’ occasions annually in some sort since 1986. The very first event was the yearly Hot Wheels Collectors Convention, generally held each year at the autumn. The conference happened in various locations around the country until 2001, once the first Annual Hot Wheels Collectors Nationals was placed together. Since that time, the Conventions are held every year in southern California. The Hot Wheels Collectors Nationals rotate among cities out of California through the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and was among the first to unite collectors all around the world. He also writes the Tomart’s Guide Into Hot Wheels, a publication listing history, car descriptions and worth, which is used by virtually every collector to learn more about the hobby and their own collection. Strauss sold his set from 2011 and retired from the Hot Wheels Newsletter.
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