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It had been the primary 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, permitting the use of original design patterns and detailing. Though Hot Wheels were initially intended for kids and young adults, so they have become popular with mature lovers, such as limited edition models are now made available.
Racing track set
In addition to the cars themselves, Mattel made a racing track set (sold separately). Even though it would be updated during the years, the initial trail consisted of a series of brightly colored orange road sections (pieced together to make an oblong( circular race track), with a single (or occasionally two) “super hitter” (artificial service channels through which cars passed onto the tracks, including battery-powered spinning wheels( which would propel the cars across the paths).
During the years, Hot Wheels cars have been gathered mostly by children, but at the previous 15 years[vague] there’s been an increase in the number of adult collectors. Mattel estimates that 41 million kids grew up playing with the toys, the average collector has over 1,550 automobiles, and kids 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 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, generally held each year in the fall. The convention occurred in a variety of locations around the country before 2001, once the very first Annual Hot Wheels Collectors Nationals was set together. The Hot Wheels Collectors Nationals rotate among cities outside of California through the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and has been one of the very first to combine collectors all around the world. He also writes the Tomart’s Guide To Hot Wheels, a publication listing history, auto descriptions and worth, which is used by almost every collector to learn more about the hobby and also their own collection. Strauss sold his group in 2011 and retired from the Hot Wheels Newsletter.
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