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It had been the key competitor of Matchbox until 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Although Hot Wheels were originally intended for children and young adults, they’ve become popular with adult collectors, such as limited edition versions are currently made available.
Racing track Collection
In addition to the cars themselves, Mattel produced a racing track set (sold individually). Even though it would be updated during the years, the original trail consisted of a collection of brightly colored orange road segments (pieced together to make an oblong( circular race track), using one (or sometimes two) “super walkers” (faux service channels through which cars passed on the paths, including battery-powered spinning wheels( which would propel the cars along the paths).
During time, Hot Wheels cars have been collected mostly by children, but in the past 15 years[vague] there has been a growth in the number of mature collectors. Mattel estimates that 41 million kids 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 an average of 41 cars. Most believe the collecting trend began with the Treasure Hunts in 1995. Mike Strauss has been known as the father of Hot Wheels collecting; he has organized two collectors’ events annually in some form since 1986. The very first event was the yearly Hot Wheels Collectors Convention, generally held each year in the fall. The conference occurred in a variety of locations around the country until 2001, when the very first Annual Hot Wheels Collectors Nationals was set together. Ever since then, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate one of cities outside of California during the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and was among the very first to unite collectors all over the world. He also writes the Tomart’s Guide Into Hot Wheels, a book listing history, auto descriptions and worth, which can be used by nearly every collector to learn more about the hobby and also their own collection. Strauss sold his set from 2011 and retired from the Hot Wheels Newsletter.
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