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It was the primary competitor of Matchbox before 1997, when Mattel bought Tyco Toys, then-owner of Matchbox.
Even though Hot Wheels were initially meant for children and young adults, they have become popular with adult collectors, for whom limited edition models are now made available.
Racing track Collection
In addition to the cars themselves, Mattel produced a racing track set (sold separately). Even though it could be updated during the years, the first track consisted of a collection of brightly colored orange road segments (pieced together to make an oblong( circular race track), using a single (or two) “super walkers” (artificial service stations through which cars passed onto the tracks, featuring battery-powered spinning wheels, which would propel the cars along the tracks).
During the years, Hot Wheels cars have been gathered mostly by kids, but at the previous 15 years[vague] there’s been a growth in the number of mature collectors. Mattel estimates that 41 million children grew up playing with the toys, the normal collector has over 1,550 automobiles, and kids between the ages of 5 and 15 have an average of 41 automobiles. Most consider the collecting trend began with this Treasure Hunts at 1995. Mike Strauss was known as the father of Hot Wheels amassing; he has organized two collectors’ events each year in some form since 1986. The very first event was the yearly Hot Wheels Collectors Convention, generally held each year in the fall. The convention happened in various locations around the nation until 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 has been one of the very first to unite collectors all over the world. In addition, he writes on the Tomart’s Guide Into Hot Wheels, a book listing history, auto descriptions and values, which is used by almost every collector to find out more about the hobby and their own collection. Strauss sold his group in 2011 and retired in the Hot Wheels Newsletter.
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