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1979 Toyota Corolla sells for $12,750 at auction

A low-mileage 1979 Toyota Corolla has sold at auction for twice its original purchase price, with the virtual hammer falling on a final bid of $12,750.


Rich Fowler from Collecting Cars Australia told Drive the untampered condition of the Corolla contributed to the healthy price.

"We consigned the Corolla because it was in 'granny-spec' with just 31,000 kms and no modifications, it qualifies as an entry-level collector car," Mr Fowler said.

"Cars in this type of condition will always find a buyer, particularly as the car collecting market continues to grow and attract a younger audience."

While Holden and Ford muscle cars from the same era have been asking six- and seven-figure sums, it's believed $12,750 is one of the highest prices paid for a 1970s Toyota Corolla in original condition.

 

Drive

The 'KE55' Corolla sedan – which was built at AMI-Toyota's Port Melbourne factory – offers the new owner a total of 45kW from its 1.3-litre '4K-C' four-cylinder engine, powering the rear wheels via a three-speed automatic transmission.

Originally delivered by Le Mans Toyota in Melbourne for approximately $6240, and wearing period-correct green 'Garden State' number plates, this particular Corolla was the luxury 'CS' variant – offering buyers carpet, reclining cloth seats, and a clock.

"It is a real 'time capsule' and is sure to bring back great '70s and '80s memories for the buyer and be a popular car at car clubs and events," Mr Fowler added.

Drive
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Ben Zachariah

Ben Zachariah is an experienced writer and motoring journalist from Melbourne, having worked in the automotive industry for more than two decades. Ben began writing professionally more than 15 years ago and was previously an interstate truck driver. He completed his MBA in Finance in early 2021 and is considered an expert on classic car investment.

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