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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 layout patterns and detailing. Even though Hot Wheels were initially intended for kids and young adults, they’ve become popular with adult collectors, such as limited edition versions are now made accessible.
Racing track set
Along with the cars themselves, Mattel made a racing track record (sold separately). Even though it could be updated during time, the first track consisted of a string of brightly colored orange street segments (pieced together to make an oblong( circular race track), with one (or sometimes two) “super hitter” (artificial service channels through which cars passed on the tracks, featuring battery-powered spinning wheels, which could propel the cars across the paths).
Through the years, Hot Wheels cars are gathered mostly by kids, but in the previous 15 years[vague] there has been a growth in the amount of mature collectors. Mattel estimates that 41 million kids grew up playing with all the toys, the typical collector has over 1,550 automobiles, and kids between the ages of 5 and 15 have an average of 41 cars. Most believe the collecting trend started with the Treasure Hunts in 1995. Mike Strauss has been called the father of Hot Wheels amassing; he’s arranged two collectors’ occasions annually in some sort since 1986. The first event was the Annual Hot Wheels Collectors Convention, normally held every year at the autumn. The conference occurred in a variety of locations around the nation before 2001, when the very first Annual Hot Wheels Collectors Nationals was placed together. The Hot Wheels Collectors Nationals rotate among cities out of California through the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and was among the very first to combine collectors all around the world. In addition, he writes the Tomart’s Guide Into Hot Wheels, a book listing history, car descriptions and values, which is used by nearly every collector to learn more about the hobby and their collection. Strauss sold his group in 2011 and retired from the Hot Wheels Newsletter.
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