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It was 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 their cars, allowing the use of first design patterns and detailing. Although Hot Wheels were originally intended for kids and young adults, they’ve become popular with mature collectors, for whom limited edition versions are now made accessible.
Racing track Collection
Besides the cars themselves, Mattel made a racing track record (sold separately). Though it could be updated throughout the years, the initial track consisted of a string of brightly colored orange road sections (pieced together to make an oblong( circular race track), with one (or occasionally two) “super walkers” (faux service channels by which cars passed onto the tracks, including battery-powered spinning wheels, which would propel the cars along the tracks).
During the years, Hot Wheels cars have been collected mostly by children, but in the past 15 years[vague] there has been a growth in the number of adult collectors. Mattel estimates that 41 million kids grew up playing with the toys, the normal 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 craze started with this Treasure Hunts in 1995. Mike Strauss has been called the father of Hot Wheels collecting; he has organized two collectors’ occasions each year in some form since 1986. The first event was the Annual Hot Wheels Collectors Convention, generally held every year in the autumn. The conference happened in a variety of locations around the nation before 2001, when the first Annual Hot Wheels Collectors Nationals was placed together. The Hot Wheels Collectors Nationals rotate one of cities out of California through 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 on the Tomart’s Guide Into Hot Wheels, a publication listing history, auto descriptions and values, which can be used by virtually every collector to learn more about the hobby and also their own collection. Strauss sold his set in 2011 and retired from the Hot Wheels Newsletter.
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