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It had been the main competitor of Matchbox until 1997, when Mattel bought Tyco Toys, then-owner of Matchbox.
Many auto manufacturers have licensed Hot Wheels to make scale models of the cars, allowing the use of original design blueprints 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 set
In addition to the cars themselves, Mattel made a racing track record (sold separately). Though it would be updated throughout time, the initial trail consisted of a set of brightly colored orange street sections (pieced together to make an oblong( circular race track), using a single (or sometimes two) “super hitter” (faux service channels through which cars passed onto the paths, featuring battery-powered spinning wheels( which could propel the cars across the tracks).
During time, Hot Wheels cars have been gathered mostly by children, but in the last 15 years[vague] there has been a rise in the amount of adult collectors. Mattel estimates that 41 million kids grew up playing with the toys, the typical collector has over 1,550 cars, and kids between the ages of 5 and 15 have a mean of 41 automobiles. Most believe the collecting trend began with this Treasure Hunts in 1995. Mike Strauss was known as the father of Hot Wheels collecting; he’s arranged two collectors’ events annually in some sort since 1986. The first event was the yearly Hot Wheels Collectors Convention, generally held each year in the fall. The conference occurred in a variety of locations around the nation until 2001, once the first Annual Hot Wheels Collectors Nationals was assembled together. The Hot Wheels Collectors Nationals rotate among cities outside of California during the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and has been among the first to unite collectors all around the world. He also writes on the Tomart’s Guide To Hot Wheels, a book listing history, car descriptions and values, which is used by nearly every collector to find out more about the hobby and also their collection. Strauss sold his group in 2011 and retired from the Hot Wheels Newsletter.
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