Toyota Corolla 2nd Gen

The second-generation Corolla offered curvier styling and a broader model range that established it as a world-class small car. Today, it's an accessible classic Japanese model appreciated for its reliability and simple, rear-wheel-drive fun.

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Toyota Corolla 2nd Gen prices by year

YearMedian (3 yrs)Middle 50%Sales (3 yrs)For sale now
1971––07
1972$17k–24
1973$12k–24
1974$5.7k–11

Auction sales in the last 3 years; prices leave out salvage and other branded titles.

Listings

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.

Buying Tips

  • Rust is the biggest enemy. Thoroughly inspect rocker panels, floor pans, wheel arches, and the areas around the front and rear glass seals.
  • Interior trim and plastics are brittle and extremely difficult to source. Cracked dashboards and torn upholstery are common and costly to fix correctly.
  • The T-series engines are tough, but check for oil leaks from the valve cover and timing cover. Blue smoke on startup or acceleration suggests worn valve seals or piston rings.
  • SR5 models are the most desirable US-spec variant. Verify that the car is a genuine SR5 by checking for its 5-speed manual transmission and specific trim.

69 Toyota Corolla 2nd Gen vehicles have been tracked across auctions and listings on Hypercars, with 16 currently live.

Data sourced from auction results and dealer and private listings, including Bring a Trailer, Cars & Bids, Mecum, RM Sotheby’s and eBay Motors. Updated daily.

Frequently Asked Questions

How many Toyota Corolla 2nd Gen listings are for sale right now?

There are 16 Toyota Corolla 2nd Gen listings currently live across auctions, dealers, and marketplaces tracked by Hypercars.

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