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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 the cars, permitting using original design blueprints and detailing. Though Hot Wheels were originally intended for kids and young adults, so they’ve become popular with adult collectors, for whom limited edition versions are now made accessible.
Racing track Collection
In addition to the cars themselves, Mattel made a racing track record (sold individually). Even though it would be updated throughout the years, the original trail consisted of a string 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 by which cars passed onto the tracks, including battery-powered spinning wheels( which could propel the cars along the tracks).
During the years, Hot Wheels cars are collected mostly by children, 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 average collector has over 1,550 cars, and kids between the ages of 5 and 15 have an average of 41 cars. Most consider the collecting trend started with this Treasure Hunts in 1995. Mike Strauss was called the father of Hot Wheels amassing; he’s organized two collectors’ events each year in some form since 1986. The first event was the Annual Hot Wheels Collectors Convention, normally held every year in the fall. The conference happened in a variety of locations around the nation before 2001, once the very first Annual Hot Wheels Collectors Nationals was put together. Ever since that time, the Conventions are held every year in southern California. The Hot Wheels Collectors Nationals rotate one of cities outside of California throughout the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and was among the very first to unite collectors all around the world. He also writes on the Tomart’s Guide To Hot Wheels, a book listing history, automobile descriptions and worth, which can be used by nearly every collector to find out more about the hobby and also their own collection. Strauss sold his collection in 2011 and retired from the Hot Wheels Newsletter.
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