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It was the primary competitor of Matchbox before 1997, when Mattel bought Tyco Toys, then-owner of Matchbox.
Many automobile manufacturers have licensed Hot Wheels to make scale models of their cars, permitting the use of original layout patterns and detailing. Though Hot Wheels were originally meant for children and young adults, they’ve become popular with mature collectors, such as limited edition versions are now made accessible.
Racing track set
In addition to the cars themselves, Mattel made a racing track set (sold individually). Although it would be upgraded throughout the years, the original trail consisted of a series of brightly colored orange street segments (pieced together to form an oblong, circular race track), with a single (or occasionally two) “super chargers” (artificial service stations by which cars passed on the tracks, featuring battery-powered spinning wheels( which could propel the cars across the tracks).
During the years, Hot Wheels cars have been collected mostly by children, but in the last 15 years[vague] there has been a rise in the number of mature collectors. Mattel estimates that 41 million kids grew up playing with the toys, the typical 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 craze started with the Treasure Hunts in 1995. Mike Strauss was called the father of Hot Wheels amassing; he has organized two collectors’ occasions annually in some sort since 1986. The very first event was the Annual Hot Wheels Collectors Convention, usually held each year in the fall. The conference occurred in a variety of locations around the nation before 2001, when the very first Annual Hot Wheels Collectors Nationals was set together. Since that time, the Conventions are held each year in southern California. The Hot Wheels Collectors Nationals rotate one of cities out of California during the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and has been one of the first to unite collectors all around the world. In addition, he writes on the Tomart’s Guide To Hot Wheels, a publication listing history, automobile descriptions and values, which is used by almost every collector to learn more about the hobby and also their own collection. Strauss sold his set from 2011 and retired in the Hot Wheels Newsletter.
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