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It was the main 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 initial design blueprints and detailing. Although Hot Wheels were originally intended for children and young adults, so they have become popular with mature collectors, for whom limited edition models are now made accessible.
Racing track Collection
In addition to the cars themselves, Mattel made a racing track record (sold individually). Though it could be updated during the years, the first trail consisted of a series of brightly colored orange street segments (pieced together to form an oblong, circular race track), using a single (or occasionally two) “super walkers” (faux service channels through which cars passed on the tracks, featuring battery-powered spinning wheels( which could propel the cars along the tracks).
Through the years, Hot Wheels cars have been collected mostly by children, but in the last 15 years[vague] there’s been a growth in the number of mature collectors. Mattel estimates that 41 million kids grew up playing with the toys, the average collector has over 1,550 cars, and kids between the ages of 5 and 15 have a mean of 41 cars. Most consider the collecting trend began with the Treasure Hunts in 1995. Mike Strauss was called the father of Hot Wheels amassing; he’s arranged two collectors’ events each year in some sort since 1986. The first event was the Annual Hot Wheels Collectors Convention, normally held each year at the autumn. The convention occurred in a variety of locations around the country before 2001, once the first Annual Hot Wheels Collectors Nationals was put together. 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 unite collectors all over the world. He also writes the Tomart’s Guide To Hot Wheels, a publication listing history, auto descriptions and values, which is used by almost every collector to find out more about the hobby along with their collection. Strauss sold his collection from 2011 and retired in the Hot Wheels Newsletter.
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