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It was the main competitor of Matchbox before 1997, when Mattel purchased Tyco Toys, then-owner of Matchbox.
Many automobile manufacturers have licensed Hot Wheels to make scale models of the cars, allowing the use of original layout blueprints and detailing. Even though Hot Wheels were initially intended for children and young adults, so they’ve become popular with mature collectors, for whom limited edition models are currently made available.
Racing track set
Along with the cars themselves, Mattel made a racing track set (sold individually). Though it could be upgraded throughout the years, the original track 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 walkers” (artificial service channels through which cars passed onto the paths, including battery-powered spinning wheels, which would propel the cars across the tracks).
During the years, Hot Wheels cars have been gathered mostly by children, but at the previous 15 years[vague] there’s been an increase 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 cars, and children between the ages of 5 and 15 have an average of 41 automobiles. Most consider the collecting craze started with this Treasure Hunts in 1995. Mike Strauss has been known as the father of Hot Wheels amassing; he’s organized two collectors’ occasions each year in some sort since 1986. The first event was the Annual Hot Wheels Collectors Convention, generally held each year in the autumn. The conference happened in a variety of locations around the country until 2001, when the very first Annual Hot Wheels Collectors Nationals was assembled together. Ever since that time, the Conventions are held each year in southern California. 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 very first to unite collectors all over the world. He also writes on the Tomart’s Guide To Hot Wheels, a publication listing history, automobile descriptions and worth, which can be used by nearly every collector to learn more about the hobby and their collection. Strauss sold his group from 2011 and retired from the Hot Wheels Newsletter.
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