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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, permitting using original layout patterns and detailing. Even though Hot Wheels were originally meant for kids and young adults, so they have become popular with mature collectors, such as limited edition versions are now made accessible.
Racing track Collection
Along with the cars themselves, Mattel made a racing track set (sold separately). Even though it could be updated throughout the years, the original track consisted of a collection of brightly colored orange road sections (pieced together to form an oblong( circular race track), together with a single (or two) “super chargers” (faux service channels by which cars passed onto the tracks, featuring battery-powered spinning wheels( which could propel the cars across the paths).
Through the years, Hot Wheels cars have been collected mostly by children, but at the past 15 years[vague] there has been a growth in the amount of mature collectors. Mattel estimates that 41 million kids 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 automobiles. Most consider the collecting craze started with this Treasure Hunts at 1995. Mike Strauss has been known as the father of Hot Wheels amassing; he has organized two collectors’ occasions each year in some form since 1986. The first event was the Annual Hot Wheels Collectors Convention, generally held each year at the fall. The conference occurred in various locations around the nation until 2001, once the very first Annual Hot Wheels Collectors Nationals was assembled together. Ever since that time, the Conventions are held every year in southern California. The Hot Wheels Collectors Nationals rotate among cities outside of California through the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and has been one of the very first to combine collectors all over the world. In addition, he writes on the Tomart’s Guide Into Hot Wheels, a book listing history, automobile descriptions and values, which is used by almost every collector to find out more about the hobby and also their collection. Strauss sold his set in 2011 and retired in the Hot Wheels Newsletter.
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