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It was the key competitor of Matchbox before 1997, when Mattel bought Tyco Toys, then-owner of Matchbox.
Even though Hot Wheels were initially meant for children and young adults, so they have become popular with mature collectors, for whom limited edition versions are currently made accessible.
Racing track Collection
Besides the cars themselves, Mattel made a racing track set (sold separately). Although it could be updated during the years, the initial trail consisted of a series of brightly colored orange road segments (pieced together to make an oblong( circular race track), together with one (or occasionally two) “super walkers” (artificial service stations through which cars passed on the tracks, featuring battery-powered spinning wheels( which could propel the cars along the tracks).
During the years, Hot Wheels cars have been gathered mostly by children, but at the past 15 years[vague] there has been a growth in the amount of adult collectors. Mattel estimates that 41 million kids grew up playing with the toys, the typical collector has over 1,550 cars, and kids between the ages of 5 and 15 have an average of 41 cars. Most consider the collecting craze began with the Treasure Hunts at 1995. Mike Strauss has been called the father of Hot Wheels collecting; he’s organized two collectors’ events annually in some form since 1986. The very first event was the Annual Hot Wheels Collectors Convention, generally held each year in the fall. The convention happened in various locations around the country until 2001, once the very first Annual Hot Wheels Collectors Nationals was assembled together. The Hot Wheels Collectors Nationals rotate one of cities out of California throughout the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and was among the very first to combine collectors all around the world. He also writes on the Tomart’s Guide To 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 their own collection. Strauss sold his set in 2011 and retired in the Hot Wheels Newsletter.
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