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It was the primary competitor of Matchbox before 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Many auto manufacturers have licensed Hot Wheels to make scale models of the cars, permitting the use of original layout patterns and detailing. Though Hot Wheels were initially meant for kids and young adults, so they’ve become popular with adult collectors, such as limited edition models are currently made available.
Racing track Collection
In addition to the cars themselves, Mattel made a racing track set (sold individually). Although it could be upgraded during time, the first trail consisted of a set of brightly colored orange street segments (pieced together to form an oblong( circular race track), with a single (or two) “super hitter” (artificial service channels through which cars passed onto the tracks, featuring battery-powered spinning wheels, which could propel the cars along the tracks).
During time, Hot Wheels cars have been collected mostly by children, but in the last 15 years[vague] there’s been a rise 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 automobiles, and children between the ages of 5 and 15 have a mean of 41 cars. Most believe the collecting craze began with the Treasure Hunts at 1995. Mike Strauss has been known as the father of Hot Wheels collecting; he’s arranged two collectors’ occasions each year in some form since 1986. The first event was the Annual Hot Wheels Collectors Convention, normally held each year at 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 placed together. The Hot Wheels Collectors Nationals rotate among cities out of California during the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and was one of the very first to unite collectors all over the world. He also writes the Tomart’s Guide To Hot Wheels, a publication listing history, car descriptions and values, which can be used by nearly every collector to find out more about the hobby and their collection. Strauss sold his set from 2011 and retired in the Hot Wheels Newsletter.
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