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2024 Toyota Corolla

2024 Toyota Corolla

Sedan
FWD
Regular Gasoline
Horsepower
MPG Combined
35 mpg
MSRP
Torque
Reliability Score
85/ 100Excellent
Based on 88 NHTSA complaints

Should You Buy a 2024 Toyota Corolla?

The 2024 Toyota Corolla is a compact sedan that combines practicality with efficiency, making it an excellent choice for daily commuters and small families. With a 2.0L I4 engine producing 169 hp and 151 lb-ft of torque, it offers a balanced performance while achieving an impressive 34 MPG combined. The MSRP of $24,490 positions it competitively within its segment, appealing to budget-conscious buyers looking for reliability and value. However, potential buyers should be aware of the 88 NHTSA complaints, including 19 crash incidents and 21 injuries, which may raise concerns about safety and reliability.

Despite its strong reliability score of 84.5/100, the Corolla has reported issues primarily related to steering and braking systems. While these concerns are not uncommon in the compact sedan category, they warrant consideration. Overall, the Corolla remains a solid option for those seeking a dependable vehicle with low operating costs and a comfortable ride.

Ideal For

The 2024 Toyota Corolla is best suited for budget-conscious individuals or small families seeking a reliable, fuel-efficient sedan for daily commuting and errands.

Strengths

  • +Excellent fuel efficiency at 34 MPG combined
  • +Affordable MSRP of $24,490
  • +Spacious interior with comfortable seating for five
  • +Strong reputation for reliability and low maintenance costs
  • +Advanced safety features including automatic emergency braking

Weaknesses

  • -Reported complaints regarding steering and braking systems
  • -Limited engine power compared to some competitors
  • -Interior materials may feel less premium
  • -Not as sporty or engaging to drive as rivals
  • -Some complaints about crash safety performance

Known Issues (NHTSA Data)

The 2024 Toyota Corolla has recorded a total of 88 complaints with notable issues in steering and service brakes. Specifically, 19 crash incidents have been reported, resulting in 21 injuries and 3 fatalities. While these statistics may raise red flags for some buyers, it's important to note that there are no fire incidents reported, and the vehicle maintains a respectable reliability score.

Top Complaint Areas
UNKNOWN OR OTHER16% of complaints
STEERING13% of complaints
SERVICE BRAKES10% of complaints
POWER TRAIN8% of complaints
FORWARD COLLISION AVOIDANCE: AUTOMATIC EMERGENCY BRAKING8% of complaints

Performance

Horsepower
Torque
Engine
2 L
Cylinders
I4
Transmission
Automatic (AV-S10)
Drive Type
FWD

Efficiency

MPG Combined
35
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

$17,525
$14,896 – $20,154
Depreciation Over Time
New
2yr
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
$23,230
Fuel
$1,235/yr
Maintenance
$600/yr
Insurance
$1,418/yr
Depreciation
$1,393/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 (14)

Corolla
SIDI & PFI
FWD
Corolla
3-mode (Sport/Normal/Eco)
FWD
Corolla Hatchback
SIDI & PFI
FWD
Corolla Hybrid
Hybrid
FWD
Corolla
SE 4dr Sedan (2.0L 4cyl CVT) (6-speed manual)
169 hp
front wheel drive
$24,490
Corolla
Nightshade 4dr Sedan (2.0L 4cyl CVT) (6-speed manual)
169 hp
front wheel drive
$25,490
Corolla
XSE 4dr Sedan (2.0L 4cyl CVT) (6-speed manual)
169 hp
front wheel drive
$27,150
Corolla
LE 4dr Sedan (2.0L 4cyl CVT) (6-speed manual)
169 hp
front wheel drive
$22,050
Corolla Hatchback
XSE 4dr Hatchback (2.0L 4cyl CVT) (6-speed manual)
169 hp
front wheel drive
$26,805
Corolla Hatchback
SE 4dr Hatchback (2.0L 4cyl CVT) (6-speed manual)
169 hp
front wheel drive
$23,505
Corolla Hatchback
Nightshade 4dr Hatchback (2.0L 4cyl CVT) (6-speed manual)
169 hp
front wheel drive
$24,505
Corolla Hybrid
Hybrid
FWD
Corolla Hybrid AWD
Hybrid
AWD
Corolla Hybrid AWD
Hybrid
AWD

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