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It had been the primary competitor of Matchbox until 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Many auto manufacturers have licensed Hot Wheels to make scale models of the cars, allowing the use of initial design patterns and detailing. Although Hot Wheels were originally meant for kids and young adults, they’ve become popular with mature lovers, such as limited edition models are currently made available.
Racing track set
Along with the cars themselves, Mattel produced a racing track record (sold individually). Even though it would be updated throughout the years, the initial trail consisted of a collection of brightly colored orange street segments (pieced together to form an oblong( circular race track), using a single (or occasionally two) “super hitter” (artificial service stations through which cars passed onto the paths, including battery-powered spinning wheels, which would propel the cars across the tracks).
During time, Hot Wheels cars are collected mostly by kids, but in the previous 15 years[vague] there has been a growth in the number of adult collectors. Mattel estimates that 41 million kids grew up playing with the toys, the typical collector has over 1,550 automobiles, and kids between the ages of 5 and 15 have an average of 41 cars. Most consider the collecting craze started with this Treasure Hunts in 1995. Mike Strauss was known as the father of Hot Wheels amassing; he’s organized two collectors’ events each year in some form since 1986. The first event was the Annual Hot Wheels Collectors Convention, generally held every year in the fall. The convention happened in a variety of locations around the country before 2001, when the first Annual Hot Wheels Collectors Nationals was assembled together. Since that time, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate among cities outside of California throughout the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and has been one of the first to unite collectors all around the world. He also writes the Tomart’s Guide To Hot Wheels, a book listing history, car descriptions and values, which is used by almost every collector to find out more about the hobby along with their collection. Strauss sold his group in 2011 and retired in the Hot Wheels Newsletter.
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