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It had been the main 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 the cars, allowing the use of first layout patterns and detailing. Though Hot Wheels were originally intended for kids and young adults, so they’ve become popular with adult collectors, such as limited edition versions are now made accessible.
Racing track Collection
In addition to the cars themselves, Mattel made a racing track set (sold separately). Though it could be updated during the years, the first track consisted of a string of brightly colored orange road sections (pieced together to make an oblong, circular race track), using one (or sometimes two) “super hitter” (faux service channels by which cars passed on the tracks, including battery-powered spinning wheels( which could propel the cars across the paths).
During time, Hot Wheels cars have been gathered mostly by children, but in the previous 15 years[vague] there has been a rise in the amount of mature collectors. Mattel estimates that 41 million children grew up playing with all the toys, the ordinary collector has over 1,550 cars, and children between the ages of 5 and 15 have an average of 41 automobiles. Most believe the collecting craze started with this Treasure Hunts at 1995. Mike Strauss was known as the father of Hot Wheels collecting; he has arranged two collectors’ events each year in some sort since 1986. The first event was the Annual Hot Wheels Collectors Convention, normally held every year at the fall. The convention happened in various locations around the country until 2001, when the first Annual Hot Wheels Collectors Nationals was set together. Since that time, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate one of cities out of California during the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and has been among the first to combine collectors all over the world. In addition, he writes on the Tomart’s Guide Into Hot Wheels, a publication listing history, automobile descriptions and values, which is used by almost every collector to learn more about the hobby along with their own collection. Strauss sold his set in 2011 and retired in the Hot Wheels Newsletter.
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