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It had been the primary competitor of Matchbox before 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Though Hot Wheels were initially intended for kids and young adults, they have become popular with adult collectors, for whom limited edition versions are now made accessible.
Racing track Collection
Along with the cars themselves, Mattel produced a racing track set (sold individually). Though it could be updated during time, the first track consisted of a set of brightly colored orange road sections (pieced together to make an oblong, circular race track), together with a single (or two) “super walkers” (faux service channels by which cars passed on the paths, including battery-powered spinning wheels, which would propel the cars along the paths).
Through the years, Hot Wheels cars are gathered mostly by children, but at the last 15 years[vague] there’s been a growth in the amount of adult collectors. Mattel estimates that 41 million children grew up playing with the toys, the normal collector has over 1,550 automobiles, and kids between the ages of 5 and 15 have an average of 41 automobiles. Most believe the collecting trend began with this Treasure Hunts at 1995. Mike Strauss was called the father of Hot Wheels amassing; he has organized two collectors’ occasions annually in some form since 1986. The first event was the Annual Hot Wheels Collectors Convention, usually held every year in the autumn. The conference happened in various locations around the nation before 2001, when the very first Annual Hot Wheels Collectors Nationals was put together. Since then, 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 first to combine collectors all over the world. In addition, he writes the Tomart’s Guide Into Hot Wheels, a book listing history, auto descriptions and worth, which is used by nearly every collector to find out more about the hobby and also their own collection. Strauss sold his collection in 2011 and retired from the Hot Wheels Newsletter.
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