The Corolla is one of Toyota's longest running models, dating back to the late 1960's. Over the years, it has built a reputation as a reliable compact sedan. In today's crowded compact segment, the Corolla has the size of larger models like the Chevrolet Cruze or Honda Civic, but is priced lower than some of these models. The base model includes A/C, power windows and locks, but excludes cruise control and alloy wheels which are included in the higher LE and S trim levels. All Corolla models equip a 1.8l four-cylinder engine rated at 132-bhp mated to either a five-speed manual or four-speed automatic. All models equip drum brakes in the rear. Fuel economy is good at 26/34 (city/highway) but trails the segment leaders. Comparison shoppers will find that there are better values in the segment.

The Corolla wears a new front grille. Corolla LE and S Special Edition models were added mid-year. The Special Edition package included leather seats, alloy wheels and a navigation system.