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It had been the primary competitor of Matchbox until 1997, when Mattel bought Tyco Toys, then-owner of Matchbox.
Many auto manufacturers have licensed Hot Wheels to make scale models of their cars, allowing using initial design blueprints and detailing. Though Hot Wheels were initially intended for children and young adults, so they have become popular with mature collectors, such as limited edition models are currently made accessible.
Racing track set
In addition to the cars themselves, Mattel made a racing track record (sold separately). Even though it could be updated during the years, the first trail consisted of a collection of brightly colored orange road segments (pieced together to make an oblong( circular race track), with one (or two) “super walkers” (faux service channels through which cars passed on the tracks, including battery-powered spinning wheels( which could propel the cars across the tracks).
Through time, Hot Wheels cars are gathered mostly by children, but at the previous 15 years[vague] there’s been a rise in the number of adult collectors. Mattel estimates that 41 million kids grew up playing with the toys, the normal collector has over 1,550 automobiles, and kids between the ages of 5 and 15 have a mean of 41 automobiles. Most consider the collecting trend began with the Treasure Hunts at 1995. Mike Strauss has been called the father of Hot Wheels amassing; he has arranged two collectors’ events annually in some sort since 1986. The first event was the Annual Hot Wheels Collectors Convention, normally held each year in the fall. The conference occurred in a variety of locations around the country before 2001, when the very first Annual Hot Wheels Collectors Nationals was assembled together. The Hot Wheels Collectors Nationals rotate among cities outside of California throughout 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 To Hot Wheels, a book listing history, automobile descriptions and values, which can be used by almost every collector to learn more about the hobby along with their collection. Strauss sold his group from 2011 and retired from the Hot Wheels Newsletter.
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