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It was the primary competitor of Matchbox before 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 mature lovers, for whom limited edition versions are now made accessible.
Racing track Collection
Besides the cars themselves, Mattel produced a racing track set (sold individually). Though it could be updated throughout time, the original trail consisted of a collection of brightly colored orange road segments (pieced together to form an oblong, circular race track), using one (or sometimes two) “super chargers” (faux service stations through which cars passed on the paths, featuring battery-powered spinning wheels( which would propel the cars across the paths).
Through the years, Hot Wheels cars are gathered mostly by kids, but in the past 15 years[vague] there’s been a growth in the number of adult collectors. Mattel estimates that 41 million children grew up playing with the toys, the typical collector has over 1,550 cars, and kids between the ages of 5 and 15 have an average of 41 cars. Most consider the collecting craze began with the Treasure Hunts at 1995. Mike Strauss has been known as the father of Hot Wheels amassing; he has organized two collectors’ occasions each year in some sort since 1986. The very first event was the Annual Hot Wheels Collectors Convention, usually held every year at the autumn. The convention occurred in a variety of locations around the country until 2001, once the very first Annual Hot Wheels Collectors Nationals was put together. Since that time, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate among cities outside of California during the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and has been among the very first to unite collectors all over the world. He also writes on the Tomart’s Guide To Hot Wheels, a book listing history, automobile descriptions and worth, which is used by nearly every collector to find out more about the hobby and also their own collection. Strauss sold his collection from 2011 and retired from the Hot Wheels Newsletter.
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