Toyota Announces Prices for 2008 Corolla and Corolla Matrix

TORRANCE, Calif., June 1 -- Toyota Motor Sales (TMS), U.S.A., Inc., announced manufacturer's suggested retail prices (MSRP) today for the 2008 Corolla compact sedan and 2008 Corolla Matrix crossover utility vehicle. Both vehicles arrive at dealerships this month.

Toyota Corolla continues to win customers with its dependability, fuel efficiency, and outstanding value. Corolla is the world's best-selling car with more than 30 million sold units over four decades. In the U.S., Corolla continues to lead sales in its segment and recently set an all-time best-ever month in May 2007.

The MSRP will increase $100 on all grades of both Corolla and Corolla Matrix, which represents a 0.6% increase. The new pricing is included on the charts below:

  2008 COROLLA
  MODEL NUMBER            GRADE                          '08MY MSRP
  1801                    CE (Manual)                     $14,405
  1802                    CE (Automatic)                  $15,205
  1811                    S (Manual)                      $15,450
  1812                    S (Automatic)                   $16,250
  1821                    LE (Manual)                     $15,615
  1822                    LE (Automatic)                  $16,415

  2008 COROLLA MATRIX
  MODEL NUMBER            GRADE                          '08MY MSRP
  1801                    Standard (Manual)               $15,510
  1802                    Standard (Automatic)            $16,310
  1811                    XR (Manual)                     $16,990
  1812                    XR (Automatic)                  $17,820