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It had been the key 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 the cars, allowing the use of first design blueprints and detailing. Even though Hot Wheels were originally intended for kids and young adults, they’ve become popular with adult collectors, for whom limited edition models are now made accessible.
Racing track set
In addition to the cars themselves, Mattel made a racing track set (sold separately). Though it could be upgraded during the years, the original track consisted of a series of brightly colored orange road sections (pieced together to make an oblong, circular race track), with one (or sometimes two) “super chargers” (faux service channels through which cars passed onto the paths, featuring battery-powered spinning wheels, which would propel the cars across the paths).
Through the years, Hot Wheels cars are collected mostly by children, but in the last 15 years[vague] there’s been an increase in the amount of adult collectors. Mattel estimates that 41 million kids grew up playing with all the toys, the average collector has over 1,550 automobiles, and children between the ages of 5 and 15 have an average of 41 cars. Most consider the collecting trend started with this Treasure Hunts at 1995. Mike Strauss has been known as the father of Hot Wheels collecting; he has organized two collectors’ events annually in some sort since 1986. The first event was the Annual Hot Wheels Collectors Convention, usually held each year in the autumn. The conference occurred in various locations around the nation before 2001, when the very first Annual Hot Wheels Collectors Nationals was assembled together. The Hot Wheels Collectors Nationals rotate one of cities out of California throughout the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and was among the first to combine collectors all over the world. He also writes on the Tomart’s Guide Into Hot Wheels, a publication listing history, car descriptions and values, which is used by nearly every collector to find out more about the hobby and their collection. Strauss sold his collection from 2011 and retired in the Hot Wheels Newsletter.
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