The redesigned 2014 Toyota Corolla will have a base price of $17,610 when it goes on sale this week, just $585 higher than the 2013 model including Toyota’s slightly increased destination charge of $810.
The base price is for the base 2014 Toyota Corolla L model with a six-speed manual transmission. All models, regardless of trim level, are equipped with a 1.8-liter four-cylinder engine producing 132 hp in all trims but the LE Eco, which offers 140 hp and a 42 mpg EPA highway rating thanks to Toyota’s Valvematic system. L trims come standard with a six-speed manual, with a four-speed automatic as a $600 option. LE and LE Eco models are equipped with Toyota’s new CVT, and the S can be equipped with either the CVT or the six-speed manual.
Standard features on the L include LED headlights, Bluetooth, and power windows. The LE model starts at $19,110 and adds a backup camera, automatic climate control, cruise control, keyless entry, and a 6.1-inch infotainment touchscreen with Toyota’s Entune system. The LE Eco starts just $400 higher than the LE and comes with aerodynamic and CVT tuning along with the Valvematic engine to achieve the 42 mpg rating. The Corolla S starts at $19,810 and is the” sporty” Corolla, with a more aggressive front grille, different suspension tuning, a piano black instrument panel with different gauges, sport seats, and a leather-wrapped steering wheel.
Plus and Premium models of the LE, S, and LE Eco are available. The LE Plus gets alloy wheels and fog lights, the S Plus gets alloy wheels and rear disc brakes, and the LE Eco plus gets alloy wheels, fog lights, chrome trim, and an Eco mode. The Premium trim adds Toyota’s Softex synthetic leather seats. There are also two packages available for Plus and Premium models: a moonroof for $850 and a Drivers Comvenience Package for $1510 with keyless entry, remote start, and an Entune premium audio system with navigation and smartphone integration.
All in, a top-of-the-line 2014 Toyota Corolla S Premium with the moonroof and Drivers Convenience Package tops out at $23,570. This price range puts the 2014 Toyota Corolla midpack in the compact segment, but our first drive reveals that the redesigned model is not quite the revolutionary contender that Toyota needs to stay relevant in this highly competitive class. See the chart below to see how the 2014 Toyota Corolla stacks up.
- Base Price
- Fully-Loaded Price
- Available Engines
- Fuel Economy (city/highway)
- 2014 Toyota Corolla
- 1.8-liter I-4, 132 or 140 hp
- 30/42/34mpg (LE Eco)
- 2014 Mazda 3
- 2.0-liter I-4, 155hp; 2.5-liter I-4, 184hp
- 2013 Honda Civic
- 1.8-liter I-4, 140hp
- 2014 Ford Focus
- 2.0-liter I-4, 160hp
- 2013 Kia Forte
- 1.8-lier I-4, 148hp; 2.0-liter I-4, 173hp
- 2013 Volkswagen Jetta
- 2.0-liter I-4, 115hp; 2.5-liter I-5, 170hp