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It was the main 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, permitting using initial design blueprints and detailing. Though Hot Wheels were initially meant for children and young adults, they’ve become popular with adult lovers, such as limited edition versions are now made available.
Racing track Collection
Along with the cars themselves, Mattel produced a racing track record (sold separately). Although it would be updated throughout time, the initial track 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 chargers” (faux service channels by which cars passed onto the paths, featuring battery-powered spinning wheels, which could propel the cars across the tracks).
During the years, Hot Wheels cars are collected mostly by kids, but at the past 15 years[vague] there’s been an increase in the number 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 automobiles. Most believe the collecting craze started with the Treasure Hunts at 1995. Mike Strauss was known as the father of Hot Wheels amassing; he has arranged two collectors’ occasions each year in some form since 1986. The very first event was the yearly Hot Wheels Collectors Convention, generally held each year in the autumn. The convention occurred in a variety of locations around the country before 2001, once the very first Annual Hot Wheels Collectors Nationals was put together. 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. 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 learn more about the hobby along with their collection. Strauss sold his group from 2011 and retired in the Hot Wheels Newsletter.
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