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It was the primary 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 their cars, permitting the use of initial design patterns and detailing. Even though Hot Wheels were originally intended for children and young adults, so they’ve become popular with adult collectors, for whom limited edition models are now made available.
Racing track Collection
Besides the cars themselves, Mattel made a racing track set (sold individually). Although it would be updated throughout the years, the first trail consisted of a set of brightly colored orange road segments (pieced together to form an oblong, circular race track), with a single (or occasionally two) “super hitter” (faux service channels by which cars passed on the paths, including battery-powered spinning wheels, which would propel the cars along the paths).
Through the years, Hot Wheels cars are 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 children grew up playing with the toys, the normal 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 began with this Treasure Hunts at 1995. Mike Strauss was known as the father of Hot Wheels amassing; he’s organized two collectors’ events annually in some sort since 1986. The first event was the yearly Hot Wheels Collectors Convention, generally held every year in the fall. The convention occurred in a variety of locations around the country before 2001, once the very first Annual Hot Wheels Collectors Nationals was put together. The Hot Wheels Collectors Nationals rotate one of cities out of California through the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and was one of the first to unite collectors all over the world. In addition, he writes the Tomart’s Guide To Hot Wheels, a book listing history, automobile descriptions and worth, which is used by virtually every collector to find out more about the hobby and their collection. Strauss sold his group in 2011 and retired in the Hot Wheels Newsletter.
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