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It had been the key competitor of Matchbox before 1997, when Mattel bought Tyco Toys, then-owner of Matchbox.
Although Hot Wheels were initially meant for kids and young adults, so they’ve become popular with mature collectors, such as limited edition models are currently made accessible.
Racing track set
Besides the cars themselves, Mattel produced a racing track set (sold separately). Even though it could be upgraded throughout time, the initial trail consisted of a series of brightly colored orange street sections (pieced together to form an oblong( circular race track), together with one (or occasionally two) “super walkers” (artificial service channels 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 kids, but at the last 15 years[vague] there has been a growth in the number of mature collectors. Mattel estimates that 41 million kids grew up playing with all the toys, the ordinary 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 craze started with the Treasure Hunts at 1995. Mike Strauss was called the father of Hot Wheels collecting; he has arranged two collectors’ events annually in some sort since 1986. The very first event was the yearly Hot Wheels Collectors Convention, usually held every year at the fall. The conference occurred in a variety of locations around the country until 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 during the spring. Strauss has also released the Rs Hot Wheels Newsletter since 1986 and was one of the very first to unite collectors all around the world. He also writes the Tomart’s Guide Into Hot Wheels, a publication listing history, automobile descriptions and values, which is used by nearly every collector to find out more about the hobby along with their collection. Strauss sold his group from 2011 and retired in the Hot Wheels Newsletter.