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It had been the primary 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 their cars, permitting using initial design patterns and detailing. Though Hot Wheels were originally intended for kids and young adults, they have become popular with adult lovers, such as limited edition versions are now made available.
Racing track Collection
Besides the cars themselves, Mattel made a racing track record (sold separately). Though it could be upgraded throughout time, the original trail consisted of a collection of brightly colored orange road segments (pieced together to make an oblong, circular race track), together with a single (or occasionally two) “super chargers” (artificial service stations by which cars passed on the tracks, including battery-powered spinning wheels, which would propel the cars across the tracks).
Through time, Hot Wheels cars have been gathered mostly by kids, but at the last 15 years[vague] there has been a growth in the amount of adult collectors. Mattel estimates that 41 million children grew up playing with all the toys, the typical collector has over 1,550 automobiles, and children between the ages of 5 and 15 have a mean of 41 cars. Most consider the collecting trend started with the Treasure Hunts at 1995. Mike Strauss has been called the father of Hot Wheels amassing; he has arranged two collectors’ events annually in some form since 1986. The first event was the Annual Hot Wheels Collectors Convention, generally held every year in the autumn. The convention occurred in various locations around the nation until 2001, when the very first Annual Hot Wheels Collectors Nationals was set together. The Hot Wheels Collectors Nationals rotate one of cities out of California through the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and has been among the very first to combine collectors all around the world. In addition, he writes the Tomart’s Guide Into Hot Wheels, a book listing history, automobile descriptions and values, which is used by virtually every collector to find out more about the hobby and also their own collection. Strauss sold his group in 2011 and retired from the Hot Wheels Newsletter.
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