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It was the main 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, permitting the use of initial layout blueprints and detailing. Even though Hot Wheels were initially intended for children and young adults, they’ve become popular with mature collectors, for whom limited edition versions are currently made available.
Racing track Collection
Besides the cars themselves, Mattel produced a racing track set (sold separately). Although it could be updated throughout time, the first track consisted of a series of brightly colored orange road segments (pieced together to make an oblong( circular race track), with a single (or sometimes two) “super walkers” (artificial service stations by which cars passed on the paths, featuring battery-powered spinning wheels( which could propel the cars across the paths).
Through time, Hot Wheels cars are collected mostly by children, but in the previous 15 years[vague] there’s been a growth in the number of mature collectors. Mattel estimates that 41 million kids grew up playing with the toys, the average collector has over 1,550 cars, and children between the ages of 5 and 15 have an average of 41 automobiles. Most believe the collecting craze began with this Treasure Hunts in 1995. Mike Strauss was known as the father of Hot Wheels amassing; he has arranged two collectors’ events annually in some form since 1986. The very first event was the yearly Hot Wheels Collectors Convention, normally held every year at the autumn. The conference occurred in various locations around the nation before 2001, when the very first Annual Hot Wheels Collectors Nationals was assembled together. The Hot Wheels Collectors Nationals rotate one of cities out of California during the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and was among the first to unite collectors all around the world. He also writes the Tomart’s Guide To Hot Wheels, a publication listing history, car descriptions and values, which is used by nearly every collector to find out more about the hobby and also their collection. Strauss sold his group from 2011 and retired from the Hot Wheels Newsletter.
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