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It had been the primary competitor of Matchbox until 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Although Hot Wheels were originally meant for children and young adults, so they’ve become popular with adult collectors, for whom limited edition models are now made accessible.
Racing track Collection
Along with the cars themselves, Mattel produced a racing track set (sold individually). Though it would be updated during time, the initial trail consisted of a collection of brightly colored orange street segments (pieced together to make an oblong( circular race track), together with a single (or sometimes two) “super hitter” (artificial service channels by which cars passed on the paths, featuring battery-powered spinning wheels, which could propel the cars across the tracks).
Through the years, Hot Wheels cars have been gathered mostly by children, but in the past 15 years[vague] there has been an increase in the number of mature collectors. Mattel estimates that 41 million children grew up playing with the toys, the average collector has over 1,550 cars, and kids between the ages of 5 and 15 have a mean of 41 cars. Most consider the collecting craze began with this Treasure Hunts in 1995. Mike Strauss was known as the father of Hot Wheels collecting; he has arranged two collectors’ occasions each year in some sort since 1986. The very first event was the yearly Hot Wheels Collectors Convention, generally held each year in the autumn. The conference happened in a variety of locations around the nation until 2001, when the very first Annual Hot Wheels Collectors Nationals was put together. Ever since that time, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate among cities out of California through the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and has been among the very first to combine collectors all around the world. In addition, he writes on the Tomart’s Guide To Hot Wheels, a publication listing history, car descriptions and values, which is used by nearly every collector to learn 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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