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It had been the primary 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 their cars, permitting using first design patterns and detailing. Although Hot Wheels were originally meant for children and young adults, they’ve become popular with adult lovers, such as limited edition versions are currently made accessible.

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Racing track Collection

Besides the cars themselves, Mattel made a racing track record (sold individually). Although it would be upgraded during time, the first track consisted of a set of brightly colored orange road segments (pieced together to make an oblong, circular race track), with one (or two) “super chargers” (artificial service channels by which cars passed on the tracks, featuring battery-powered spinning wheels, which could propel the cars across the paths).

During the years, Hot Wheels cars are collected mostly by children, but at the previous 15 years[vague] there has been a rise in the amount of mature collectors. Mattel estimates that 41 million kids grew up playing with all the toys, the normal collector has over 1,550 automobiles, and kids between the ages of 5 and 15 have a mean of 41 cars. Most believe the collecting craze began with the Treasure Hunts at 1995. Mike Strauss was called the father of Hot Wheels collecting; he’s organized two collectors’ events each year in some sort since 1986. The first event was the Annual Hot Wheels Collectors Convention, normally held every year in the fall. The conference happened in various locations around the nation until 2001, once the first Annual Hot Wheels Collectors Nationals was placed together. Since that time, the Conventions are held every year in southern California. The Hot Wheels Collectors Nationals rotate among cities out of California through the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and has been among the very first to unite collectors all around the world. In addition, he writes on the Tomart’s Guide To Hot Wheels, a book listing history, car descriptions and worth, which can be used by almost every collector to learn more about the hobby along with their own collection. Strauss sold his group in 2011 and retired in the Hot Wheels Newsletter.

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