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It was the primary competitor of Matchbox before 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
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 currently made available.
Racing track Collection
Besides the cars themselves, Mattel produced a racing track set (sold separately). Though it could be upgraded during time, the original trail consisted of a set of brightly colored orange road segments (pieced together to make an oblong, circular race track), with a single (or occasionally two) “super hitter” (faux service stations 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 kids, but at the last 15 years[vague] there has been a growth in the number of mature collectors. Mattel estimates that 41 million children grew up playing with the toys, the ordinary collector has over 1,550 cars, and kids between the ages of 5 and 15 have a mean of 41 cars. Most believe the collecting trend began with the Treasure Hunts in 1995. Mike Strauss has been known as the father of Hot Wheels amassing; he’s arranged two collectors’ events each year in some sort since 1986. The very first event was the yearly Hot Wheels Collectors Convention, normally held each year at the autumn. The conference occurred in a variety of locations around the nation until 2001, when the first Annual Hot Wheels Collectors Nationals was put together. Ever since then, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate among cities outside of California throughout the spring. Strauss has also published the quarterly 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 Into Hot Wheels, a book listing history, auto descriptions and worth, which can be used by almost every collector to find out more about the hobby and also their own collection. Strauss sold his collection in 2011 and retired from the Hot Wheels Newsletter.
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