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It had been the key competitor of Matchbox until 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Even though Hot Wheels were originally intended for kids and young adults, so they’ve become popular with mature collectors, such as limited edition versions are currently made accessible.
Racing track set
In addition to the cars themselves, Mattel made a racing track record (sold separately). Even though it could be updated throughout the years, the original track consisted of a series of brightly colored orange road segments (pieced together to form an oblong( circular race track), with a single (or two) “super chargers” (faux service stations by which cars passed onto the paths, including battery-powered spinning wheels, which could propel the cars along the paths).
Through the years, Hot Wheels cars have been gathered mostly by children, but at the previous 15 years[vague] there has been an increase in the number of adult collectors. Mattel estimates that 41 million kids grew up playing with all the toys, the average collector has over 1,550 cars, and children 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 was called the father of Hot Wheels collecting; he has organized two collectors’ occasions annually in some form since 1986. The very first event was the yearly Hot Wheels Collectors Convention, generally held every year at the autumn. The conference occurred in various locations around the nation until 2001, when the very first Annual Hot Wheels Collectors Nationals was put together. Since that time, the Conventions are held every year in southern California. 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 has been one of the very first to unite collectors all around the world. In addition, he writes the Tomart’s Guide Into Hot Wheels, a publication listing history, auto descriptions and worth, which can be used by virtually every collector to find out more about the hobby along with their own collection. Strauss sold his collection from 2011 and retired from the Hot Wheels Newsletter.
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