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It had been 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 initial design blueprints and detailing. Though Hot Wheels were originally intended for kids and young adults, so they’ve become popular with adult lovers, such as limited edition models are now made available.
Racing track Collection
In addition to the cars themselves, Mattel produced a racing track record (sold separately). Though it could be upgraded throughout the years, the first trail consisted of a collection of brightly colored orange road sections (pieced together to make an oblong, circular race track), using one (or occasionally two) “super chargers” (artificial service stations through which cars passed on the paths, including battery-powered spinning wheels( which could propel the cars across the tracks).
Through the years, Hot Wheels cars are collected mostly by children, but in the previous 15 years[vague] there’s been an increase in the amount of mature collectors. Mattel estimates that 41 million kids grew up playing with the toys, the normal collector has over 1,550 cars, and children between the ages of 5 and 15 have an average of 41 cars. Most believe the collecting trend started with this Treasure Hunts in 1995. Mike Strauss was called the father of Hot Wheels collecting; he’s 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 autumn. The convention occurred in a variety of locations around the nation until 2001, once the first Annual Hot Wheels Collectors Nationals was assembled together. Since then, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate among cities outside of California throughout the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and was among the first to combine collectors all over the world. In addition, he writes on the Tomart’s Guide To Hot Wheels, a publication listing history, auto descriptions and values, which is used by nearly every collector to learn more about the hobby and their collection. Strauss sold his group from 2011 and retired in the Hot Wheels Newsletter.
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