Toyota Corolla AE86

The AE86 is the fifth-generation Toyota Corolla, produced from 1983 to 1987. It was the last Corolla to feature a rear-wheel-drive layout, which, combined with its light weight of around 2,300 lbs and a rev-happy 4A-GE twin-cam engine in GT-S models, made it a favorite in amateur racing circuits. Its fame exploded in the late 90s thanks to its starring role in the manga and anime series Initial D, cementing its status as a cultural icon and the definitive grassroots drift car.

Collectors prize the AE86 for its pure, analog driving experience and its massive cultural significance. The market distinguishes heavily between the desirable GT-S and the less powerful, single-cam SR5 model, with many SR5s having been converted over the years. Unmodified, rust-free examples are exceptionally rare and command the highest prices, a phenomenon often called the "drift tax" or "Takumi tax."

Based on 70 sales, the market shows an average price of $19,197, but the spread is wide. Project cars can be found for a few thousand dollars, but concours-quality or well-built modified cars have pushed prices up to $40,000. The market continues to be strong, as the car's legendary status attracts new generations of enthusiasts who grew up with its story.

Prices range from under $2,000 for major projects to $40,000 for pristine, collector-grade examples.