Monday, October 18, 2021
News Canada Is The Most Affordable Place In The World To Buy A...

Canada Is The Most Affordable Place In The World To Buy A Toyota Corolla

A new Toyota Corolla can be up to five times more expensive from one country to another


  • The Corolla is the best-selling car in history.

  • In 2019 alone, almost 1.5 million were sold globally.

  • The most expensive Corollas are sold in Singapore.


All markets have various pricing strategies based on countless factors, from import fees, taxes, tariffs, and currency values. While this applies to all global products, a study was conducted to find out how much a new Toyota Corolla costs in numerous countries. Surprise, it’s most affordable in Canada.

The Toyota Corolla continues to be a staple among compact cars the world over. In Canada, last year, it was the 2nd best-selling car and the 8th overall best-seller. In countries like the US and Japan, the Corolla finds itself in the top 5 best-sellers year after year. Despite its compact entry-level position, the Corolla is not always as “cheap” as we might think it is.

CarInsurance conducted a study and has ranked the top 10 most expensive and most affordable countries in which to purchase a new Toyota Corolla. The results are interesting. Using the US dollar, they’ve figured out that, at $15,129, Canada has the “cheapest” Corolla in the world. In Singapore, this same compact Toyota costs a staggering $74,916!! In Japan, Toyota’s home country, a Corolla goes for $18,392, the 5th less expensive price, or more than $1,500 less than in the US, at $19,925.

The Toyota Corolla was launched in 1966 and since then, roughly 45 million have been sold. It is assembled in 15 plants globally and sold in 150 markets.

2021 Toyota Corolla SE Upgrade Hatchback | Photo: Olivier Delorme

Trending Now

Lotus Hellbent on Making a Lightweight EV

It will replace the Elise. The projected output will be 470 horsepower. It is expected for 2026. Lotus has built its brand around “simplify,...

2022 Volkswagen Jetta to Have Improved Fuel Economy

  The base engine will be the 1.5L miller cycle four-cylinder out of the Taos Epa estimated mileage will be 35 MPG (6.7 L/100km)...

Most Popular SUVs and Trucks in the United States, Third Quarter of 2021

The Ford F-Series tops among the most popular SUVs and trucks in the United States. Jeep Grand Cherokee and Toyota Highlander back in...

Trailer Capable of Charging EVs to be Available Next Year

The company that makes them is called Colorado Teardrops. They already have hundreds of pre-orders. Called the Boulder, it will house a 75...

France to invest in electric car production

  4 billion euros will be allocated to the transport sector, mostly electrification France has suffered from industrial decline since the 90s These measures...
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.