Launched in 2001, the current Corolla was a significant step forward for Toyota. The previous-generation version had earned a well deserved reputation for reliability, but its styling, dynamics and comfort weren't quite on a par.
Its replacement is a vast improvement. While maintaining the tradition of bulletproof running gear, strong engines and superb build quality, the latest Corolla adds a distinctively European dose of style. That means a more practical cabin with soft-touch plastics and a considerably tidier dashboard.
A three or five-door hatchback and an estate were available at launch, followed by a Verso compact MPV. The four-door saloon was the most recent addition to the range, although it accounts for less than one in 10 buys.
Second-hand prices are fairly strong, but typically hefty first-year depreciation means you can pick up a good deal if you shop around before you buy.
Checklist
* Don't worry if manual gearboxes feel clunky when selecting reverse. It's a common trait of the model and is not a cause for any concern.
* All Corollas produced before May 2002 were subject to a recall, due to a fault with the handbrake and rear hub assembly. Make sure that the necessary work has been carried out on the example you're interested in.
* Some drivers have reported electrical faults relating to the central locking and stereo, so try both of them out to make sure they're working properly.
* Anti-roll bar bushes have a tendency to start to creak after 30,000 miles. If they do, get them changed under warranty at the next service.
* A faint banging from the clutch pedal is normal. The return springs on some cars are stiff, but greasing them lightly should stop the noise.
Glass's View
Values for the new Corolla are holding up well across the range, owing to the brand's long-standing reputation for reliability and good value for money, says trade bible Glass's Guide. Verso prices are slightly weaker, probably due to a lack of product awareness - many buyers haven't seen this type of model from Toyota before. Expect strong residuals for years to come, as the marque never depreciates badly.
Life With A Corolla...
When his student days were over and it was time to dispose of his tired Vauxhall Astra MkII, Stephen Donohoe wanted something a bit sporty. But the 20-year-old materials scheduler from Aberdeen was put off by the cost of insurance on most performance cars - until he found the Corolla T Sport.
"Discovering the Toyota was something of a lucky break," Stephen told us. "The insurance is much cheaper than on other cars with similar performance, yet the T Sport doesn't lack anything in terms of power or acceleration." Stephen bought his Corolla four months ago with 14,000 miles on the clock, and has found the car to be utterly reliable - although it does go through front tyres faster then he would like. "I also find the dashboard lights very irritating," he said. "They go dim when you switch on the headlamps, so if you turn on a dipped beam during daylight, you won't have a clue what speed you're going or how much fuel is left in the tank." Despite that, Stephen says he would definitely buy another Toyota. "I love the way the car feels so incredibly well built," he added.