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It had been the key 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, permitting the use of first design blueprints and detailing. Though Hot Wheels were originally intended for kids and young adults, they’ve become popular with adult lovers, for whom limited edition versions are currently made available.
Racing track set
Along with the cars themselves, Mattel produced a racing track set (sold separately). Even though it could be updated throughout time, the first track consisted of a set of brightly colored orange street sections (pieced together to form an oblong, circular race track), with one (or two) “super chargers” (faux service stations through which cars passed on the tracks, including battery-powered spinning wheels, which would propel the cars along the tracks).
During time, Hot Wheels cars are collected mostly by kids, but at the past 15 years[vague] there’s been a growth in the amount of mature collectors. Mattel estimates that 41 million children grew up playing with all the toys, the average collector has over 1,550 automobiles, and children between the ages of 5 and 15 have an average of 41 cars. Most believe the collecting craze started with this Treasure Hunts at 1995. Mike Strauss was called the father of Hot Wheels amassing; he’s organized two collectors’ occasions annually in some form since 1986. The very first event was the yearly Hot Wheels Collectors Convention, usually held every year at the fall. The convention happened in a variety of locations around the country before 2001, once the very first Annual Hot Wheels Collectors Nationals was assembled together. The Hot Wheels Collectors Nationals rotate among cities outside of California during the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and was one of the very first to combine collectors all over the world. In addition, he writes the Tomart’s Guide To Hot Wheels, a book listing history, car descriptions and values, which can be used by nearly every collector to learn more about the hobby along with their own collection. Strauss sold his group from 2011 and retired from the Hot Wheels Newsletter.
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