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It was the primary competitor of Matchbox until 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Even though Hot Wheels were initially meant for kids and young adults, so they’ve become popular with adult lovers, such as limited edition models are currently made available.
Racing track set
Besides the cars themselves, Mattel made a racing track record (sold separately). Even though it would be upgraded during time, the first track consisted of a string of brightly colored orange street segments (pieced together to make an oblong( circular race track), using one (or sometimes two) “super chargers” (faux service channels by which cars passed on the paths, including battery-powered spinning wheels( which would propel the cars across the tracks).
Through time, Hot Wheels cars are gathered mostly by children, but at the last 15 years[vague] there has been a growth in the amount of mature collectors. Mattel estimates that 41 million kids grew up playing with all the toys, the average collector has over 1,550 automobiles, and kids between the ages of 5 and 15 have an average of 41 cars. Most believe 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’ occasions annually in some form since 1986. The very first event was the Annual Hot Wheels Collectors Convention, usually held each year in the autumn. The conference happened in a variety of locations around the country until 2001, once the 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 released the Rs Hot Wheels Newsletter since 1986 and was among the very first to combine collectors all over the world. In addition, he writes on the Tomart’s Guide Into 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 own collection. Strauss sold his group in 2011 and retired in the Hot Wheels Newsletter.
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