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It was the key competitor of Matchbox until 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Many automobile manufacturers have licensed Hot Wheels to make scale models of the cars, allowing the use of first layout patterns and detailing. Even though Hot Wheels were initially meant for children and young adults, so they’ve become popular with mature lovers, for whom limited edition versions are now made available.
Racing track Collection
Besides 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 street sections (pieced together to form an oblong( circular race track), together with one (or sometimes two) “super hitter” (artificial service channels by which cars passed on the tracks, including battery-powered spinning wheels( which could propel the cars across the paths).
Through the years, Hot Wheels cars are collected mostly by children, but at the previous 15 years[vague] there has been a growth 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 automobiles, and kids between the ages of 5 and 15 have a mean of 41 cars. Most believe the collecting craze started with the Treasure Hunts at 1995. Mike Strauss has been known as the father of Hot Wheels amassing; he has arranged two collectors’ occasions each year in some sort since 1986. The very first event was the Annual Hot Wheels Collectors Convention, normally held each year at the autumn. The conference happened in a variety of locations around the nation before 2001, when the very first Annual Hot Wheels Collectors Nationals was assembled together. Ever since then, the Conventions are held every year in southern California. The Hot Wheels Collectors Nationals rotate among cities outside of California during 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 the Tomart’s Guide Into Hot Wheels, a book listing history, car descriptions and worth, which is used by almost every collector to learn more about the hobby and also their own collection. Strauss sold his collection from 2011 and retired in the Hot Wheels Newsletter.
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