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2023 Toyota Corolla

2023 Toyota Corolla

Sedan
FWD
Regular Gasoline
Horsepower
MPG Combined
50 mpg
MSRP
Torque
Reliability Score
88/ 100Excellent
Based on 109 NHTSA complaints

Should You Buy a 2023 Toyota Corolla?

The 2023 Toyota Corolla is a compact sedan that combines reliability with efficiency, making it an excellent choice for daily commuters and small families. With a starting MSRP of $24,140, it offers a balance of affordability and features, including a 2.0L I4 engine that delivers 169 horsepower and 151 lb-ft of torque. The continuously variable-speed automatic transmission ensures a smooth driving experience, while the impressive combined fuel economy of 34 MPG helps keep running costs low. Despite its compact size, the Corolla comfortably seats five, making it practical for everyday use.

However, potential buyers should be aware of some concerns reflected in the NHTSA complaint data. With a total of 109 complaints, notable issues include 16 related to steering and 13 concerning the engine. While the vehicle has a solid reliability score of 88.2/100, the presence of crash incidents and injuries suggests that prospective owners should consider a thorough test drive and inspection before purchase.

Ideal For

The 2023 Toyota Corolla is best suited for budget-conscious individuals or small families seeking a reliable, fuel-efficient vehicle for daily commuting and practical use.

Strengths

  • +Excellent fuel economy at 34 MPG combined
  • +Reputation for reliability and low maintenance costs
  • +Spacious interior with comfortable seating for five
  • +User-friendly technology and safety features
  • +Affordable starting price for a compact sedan

Weaknesses

  • -Limited engine power compared to some competitors
  • -Some complaints regarding steering and engine performance
  • -Interior materials may feel less premium than rivals
  • -Not as sporty or engaging to drive as other compact cars
  • -Rear visibility can be hindered by design

Known Issues (NHTSA Data)

The 2023 Toyota Corolla has recorded 109 complaints with 16 related to steering and 13 concerning the engine. While these issues may raise concerns, there are no significant NHTSA complaints on record that would indicate widespread safety failures. Buyers should remain vigilant but can generally expect a reliable vehicle.

Top Complaint Areas
STEERING15% of complaints
UNKNOWN OR OTHER15% of complaints
ENGINE12% of complaints
ELECTRICAL SYSTEM10% of complaints
EXTERIOR LIGHTING10% of complaints

Performance

Horsepower
Torque
Engine
1.8 L
Cylinders
I4
Transmission
Automatic (variable gear ratios)
Drive Type
FWD

Efficiency

MPG Combined
50
Fuel Type
Regular Gasoline

Dimensions

Length
182.7 in
Width
69.3 in
Height
55.9 in
Wheelbase
106.3 in
Curb Weight
2,899 lbs
Ground Clearance

Capacity

Doors
4
Seating
Cargo
Max Cargo
Max Towing
Max Payload

ddpc Estimated Value

$15,549
$13,217 – $17,882
Depreciation Over Time
New
3yr
5yr
ddpc Estimate based on original MSRP, standard depreciation curves, vehicle class, and NHTSA reliability data. Not a substitute for professional appraisal. Actual value depends on condition, mileage, location, and market conditions.

Estimated Cost of Ownership

Estimated Annual Cost
$3,253
Per Mile
$0.27
5-Year Total
$24,856
Fuel
$1,235/yr
Maintenance
$600/yr
Insurance
$1,418/yr
Depreciation
$1,718/yr
Based on industry-standard estimates for this vehicle class. Fuel cost assumes 12,000 mi/yr at national average gas prices. Maintenance uses class-based intervals, not manufacturer-specific schedules. Actual costs vary by location, driving habits, and vehicle condition.

Available Trims (12)

Corolla Hybrid
Hybrid
FWD
Corolla
SIDI & PFI; 3-mode
FWD
Corolla
SE 4dr Sedan (2.0L 4cyl CVT) (6-speed manual)
169 hp
front wheel drive
$24,140
Corolla
LE 4dr Sedan (2.0L 4cyl CVT) (6-speed manual)
169 hp
front wheel drive
$21,700
Corolla
XSE 4dr Sedan (2.0L 4cyl CVT) (6-speed manual)
169 hp
front wheel drive
$26,850
Corolla Hatchback
XSE 4dr Hatchback (2.0L 4cyl CVT) (6-speed manual)
169 hp
front wheel drive
$26,580
Corolla Hatchback
SE 4dr Hatchback (2.0L 4cyl CVT) (6-speed manual)
169 hp
front wheel drive
$23,155
Corolla Hybrid
Hybrid; with Sport mode
FWD
Corolla Hybrid AWD
Hybrid; with Sport mode
AWD
Corolla Hatchback
SIDI & PFI
FWD
Corolla
SIDI & PFI
FWD
Corolla Hybrid AWD
Hybrid
AWD

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