Cheapest New Toyota Is 1 of the World’s Best-Selling Cars

Toyota has some of the most affordable cars available — and the cheapest one of all is the 2023 Toyota Corolla compact car. Available in sedan and hatchback versions, the Corolla is an excellent choice for budget-minded car shoppers. On top of that, the Corolla is one of the best-selling cars in the world.

2023 Toyota Corolla is the cheapest new Toyota car

Front angle view of white 2023 Toyota Corolla, cheapest new Toyota and one of world’s best-selling cars
2023 Toyota Corolla | Toyota

With a starting price of $21,550 MSRP for the Sedan and $23,005 MSRP for the Hatchback, the 2023 Toyota Corolla is the cheapest new Toyota car in the United States. Following the Corolla, the next most affordable car in the Toyota lineup is the crossover SUV version of the Corolla, the 2023 Corolla Cross. It starts at $23,060 MSRP.

Here are the 10 cheapest new Toyota models:

  1. 2023 Toyota Corolla Sedan: $21,550 MSRP
  2. 2023 Toyota Corolla Hatchback: $23,005 MSRP
  3. 2023 Toyota Corolla Cross: $23,060 MSRP
  4. 2023 Toyota C-HR: TBD (2022 C-HR: $24,280 MSRP)
  5. 2023 Toyota Camry: $26,220 MSRP
  6. 2023 Toyota Prius: $27,450 MSRP
  7. 2023 Toyota Tacoma: $27,750 MSRP
  8. 2023 Toyota RAV4: $27,975 MSRP
  9. 2023 Toyota GR86: $28,400 MSRP
  10. 2023 Toyota Prius Prime: TBD (2022 Prius Prime: $28,770 MSRP)

While the 2023 Corolla is the cheapest Toyota model, as you can see, there are quite a few affordable vehicles from the Japanese automaker. You’d be hard-pressed to find another automaker that offers so many new cars with an MSRP below $30,000. 

The Toyota Corolla is second only to the RAV4 as the world’s best-selling car

Rear angle view of black 2023 Toyota Corolla, cheapest new Toyota and one of world’s best-selling cars
2023 Toyota Corolla | Toyota

For many years, the Toyota Corolla was the best-selling car in the world. In 2021, though, the Toyota RAV4 supplanted the Corolla as the best-selling model. However, the sales total of the Corolla was still very high, for it took the second spot.

Here are the world’s 10 best-selling cars, as detailed by IOL:

  1. Toyota RAV4: 1,132,000 units
  2. Toyota Corolla: 1,104,000 units 
  3. Honda CR-V: 903,000 units 
  4. Nissan Sentra: 693,000 units 
  5. Toyota Camry: 681,000 units 
  6. Honda HR-V: 670,000 units
  7. Ford F-150: 562,000 units 
  8. Toyota Hilux: 549,000 units 
  9. Tesla Model 3: 508,000 units 
  10. Honda Accord: 481,000 units 

Toyota dominates the list of best-selling cars. Along with the Corolla and RAV4, the Camry midsize sedan and Hilux midsize pickup truck are in the top 10. The Camry took the fifth spot, while the Hilux placed eighth. 

Why is the Corolla so popular?

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In an age when sedans are dwindling in popularity, how does the Toyota Corolla buck this trend to be one of the best-selling cars in the world? Why is the Corolla so popular? For one, not only is the Corolla the cheapest Toyota model, but it’s also one of the most affordable vehicles in its class. Additionally, with its many standard features, the Corolla provides excellent value. 

Also, the Corolla is very efficient. The fully gas-powered 2023 Corolla has an estimated gas mileage of up to 31 city/40 highway mpg, while the Corolla Hybrid has a fuel economy of up to 53 city/46 highway mpg. 

Additionally, the Corolla is a reliable vehicle. It has a much-deserved reputation for durability and longevity. When properly maintained, a Corolla can last over 10 years. Also, in some cases, Corolla models have lasted over 300,000 miles. Plus, it has a good resale value.

Furthermore, the Corolla is a safe car. It comes standard with many safety and driving assistance technologies. Also, it earned the coveted IIHS Top Safety Pick+ award, the highest safety rating from IIHS.

Another contributing factor is the Corolla’s wide availability in most countries around the world. While the sales of some cars are limited to only one country or a small handful of markets, the Corolla is sold nearly everywhere.

The 2023 Toyota Corolla is the cheapest new Toyota model — and second only to the RAV4 as the world’s best-selling car. Given all that the Corolla has going for it, there’s no reason to think that the popularity of the Corolla won’t continue.