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It had been the key 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, allowing the use of initial layout blueprints and detailing. Even though Hot Wheels were originally meant for kids and young adults, they have become popular with adult lovers, such as limited edition versions are now made accessible.
Racing track set
Besides the cars themselves, Mattel produced a racing track set (sold individually). Though it could be upgraded during time, the initial trail consisted of a string of brightly colored orange road segments (pieced together to form an oblong, circular race track), using one (or sometimes two) “super chargers” (faux service channels by which cars passed onto the tracks, featuring battery-powered spinning wheels( which could propel the cars along the tracks).
Through the years, Hot Wheels cars are collected mostly by kids, but in the past 15 years[vague] there has been an increase in the number of mature collectors. Mattel estimates that 41 million kids grew up playing with the toys, the typical collector has over 1,550 automobiles, and children between the ages of 5 and 15 have a mean of 41 automobiles. Most consider the collecting trend started with this Treasure Hunts in 1995. Mike Strauss has been called the father of Hot Wheels amassing; he’s organized two collectors’ occasions annually in some sort since 1986. The first event was the yearly Hot Wheels Collectors Convention, generally held each year at the autumn. The convention occurred in various locations around the country before 2001, once the first Annual Hot Wheels Collectors Nationals was set together. The Hot Wheels Collectors Nationals rotate one of cities out of California through the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and has been one of the first to combine collectors all over the world. In addition, he writes on the Tomart’s Guide To Hot Wheels, a publication listing history, auto descriptions and worth, which can be used by nearly 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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