Toyota Announces Pricing for 2007 Corolla

TORRANCE, CA - July 14, 2006: Toyota Motor Sales (TMS), U.S.A., Inc., today announced manufacturer's suggested retail prices (MSRP) for the 2007 Corolla. Corolla will be a carryover for the 2007 model year and will arrive at dealerships in August.

The Corolla offers three model grades for 2007: the CE, the sporty S and the well-equipped LE. The 2007 Corolla CE carries a base MSRP of $14,205 for models equipped with a five-speed manual transmission and $15,005 with a four-speed automatic. Prices for both models represent an increase of $100, or 0.7 percent.

The Corolla S equipped with a five-speed manual is $15,250, an increase of $100, or 0.7 percent. The Corolla S automatic is priced at $16,050, an increase of $100 or 0.6 percent. Sixteen-inch alloy wheels are now available as an option for S models.

The well-equipped Corolla LE with a five-speed manual transmission is priced at $15,415, an increase of $100, or 0.7 percent. The LE automatic is priced at $16,215, an increase of $100 or 0.6 percent.

The total Corolla average MSRP increase is $100 or 0.6 percent. The Corolla XRS model has been discontinued for 2007.