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It was the primary 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, permitting the use of initial design blueprints and detailing. Even though Hot Wheels were originally intended for kids and young adults, they have become popular with adult lovers, such as limited edition models are currently made available.
Racing track Collection
In addition to the cars themselves, Mattel produced a racing track record (sold individually). Even though it could be updated during the years, the first track consisted of a collection of brightly colored orange street segments (pieced together to form an oblong, circular race track), using one (or two) “super hitter” (artificial service stations through which cars passed onto the tracks, including battery-powered spinning wheels, which could propel the cars along the tracks).
Through time, Hot Wheels cars are collected mostly by kids, but at the previous 15 years[vague] there has been a rise in the number of adult collectors. Mattel estimates that 41 million kids grew up playing with all the toys, the ordinary collector has over 1,550 automobiles, and kids between the ages of 5 and 15 have a mean of 41 cars. Most believe the collecting trend started with the Treasure Hunts at 1995. Mike Strauss has been known as the father of Hot Wheels collecting; he’s organized two collectors’ occasions each year in some form since 1986. The first event was the Annual Hot Wheels Collectors Convention, normally held each year in the fall. The conference occurred in a variety of locations around the country before 2001, once the very first Annual Hot Wheels Collectors Nationals was put together. 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 one of the very first to unite collectors all around the world. He also writes the Tomart’s Guide Into Hot Wheels, a book listing history, automobile descriptions and worth, which is used by almost every collector to learn more about the hobby along with their own collection. Strauss sold his collection in 2011 and retired from the Hot Wheels Newsletter.
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