2007 Toyota Corolla

The Corolla is up for replacement this year with an all-new sedan version of the world's best-selling car set to go on sale in the second quarter this year. Toyota will also lunch a new hatch version at the same time.

Toyota dares to change the name (perhaps to something redicolous like Tiida?) and have stuck with the Corolla nameplate for both body styles.

It has been 40 years since the first Corolla's came to Australia and it would make sense to keep the name!

Toyota says that the new Corolla is built on a completely new platform with an aim to appeal to customers seeking a classic sedan with dynamic styling and driving pleasure. Lots of marketing rubbish but the Corolla has always been the benchmark in terms of reliability and the new 2007 model should be no different.

Toyota Australia's senior executive director sales and marketing David Buttner said the sedan offers a superior combination of comfort, space and innovation.

The Corolla is powered by an all-new 1.8-litre dual VVT-i engine (power figures yet to be released) and can optioned out to fit seven SRS airbags. Toyota is quick to point out that Australia is the only major market for the new engine.

So what has changed? The Corolla has gotten a little fatter and shorter, with the sedan being 65mm wider and 150mm longer than the current model while the overall height has been reduced by 5mm.

There is still not much info regarding the new Corolla, but new Corolla buyers should wait for the new model to come out before purchasing to save on resale value and also to buy the latest from Toyota.