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It had been the key competitor of Matchbox before 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Many automobile manufacturers have licensed Hot Wheels to make scale models of the cars, allowing using first layout blueprints and detailing. Though Hot Wheels were initially meant for children and young adults, so they have become popular with adult 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). Even though it would be upgraded throughout time, the initial track consisted of a set of brightly colored orange road sections (pieced together to form an oblong, circular race track), using one (or two) “super chargers” (artificial service stations through which cars passed on the paths, including battery-powered spinning wheels, which could propel the cars along the tracks).
Through time, Hot Wheels cars have been gathered mostly by children, but in the past 15 years[vague] there’s been a growth in the amount of adult collectors. Mattel estimates that 41 million kids grew up playing with all the toys, the ordinary collector has over 1,550 cars, and children between the ages of 5 and 15 have a mean of 41 automobiles. Most believe the collecting trend started with the Treasure Hunts at 1995. Mike Strauss has been called the father of Hot Wheels collecting; he has organized two collectors’ events annually in some sort since 1986. The very first event was the Annual Hot Wheels Collectors Convention, usually held each year at the autumn. The conference occurred in a variety of locations around the nation until 2001, when the very first Annual Hot Wheels Collectors Nationals was put together. The Hot Wheels Collectors Nationals rotate among cities out of California throughout the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and has been one of the very first to unite collectors all around the world. In addition, he writes the Tomart’s Guide To Hot Wheels, a publication listing history, car descriptions and worth, which is used by virtually every collector to find out more about the hobby along with their collection. Strauss sold his set from 2011 and retired in the Hot Wheels Newsletter.
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