Toyota Corolla 2nd Gen

The second-generation Corolla, known as the E20, arrived in 1970 with more curvaceous styling and a longer wheelbase than its predecessor. It solidified Toyota's reputation for building reliable and economical cars while introducing sportier variants. US models primarily used the 1.2-liter 3K and 1.6-liter 2T-C overhead-valve engines, while Japan received the coveted twin-cam 2T-G in the high-performance Levin and Sprinter Trueno models.

Collectors appreciate the E20 for its simple mechanics, classic rear-wheel-drive dynamics, and diverse range of body styles, including coupes, sedans, and wagons. The SR5 coupe, with its 5-speed manual transmission and sportier trim, is particularly popular in the US market. These cars are also a great foundation for period-correct modifications, and their light weight makes them enjoyable to drive even with modest power.

The market for the E20 Corolla is still developing, with an average sale price of just over $15,000. The wide sales range, from $2,300 to $35,500, reflects the vast difference between project cars and impeccably restored or original low-mileage examples. Well-preserved SR5 coupes command the highest prices, while sedans and wagons offer a more affordable entry point.

Based on recent sales, prices range from $2,300 for project cars to over $35,500 for pristine, low-mileage examples.