Toyota - Corolla (2016)

The Toyota Corolla has long been celebrated as the epitome of reliability and efficiency in the subcompact segment, and the 2016 model continues that legacy with a blend of modern technology and timeless design. Whether you’re just starting your ownership journey or considering a trade‑in, understanding the Toyota Corolla price landscape can help you make a smart, informed decision. From base‑trim cost estimates to the deeper insights on how a used Toyota Corolla price unfolds over time, this guide offers a thorough snapshot of all the critical information you’ll need.

• Engine: 1.8L 4‑Cylinder (I4) – 139 horsepower
• Transmission: 6‑Speed Manual or 6‑Speed Automatic
• Fuel Type: Regular Unleaded
• Drive Type: Front Wheel Drive (FWD)
• Dimensions: Length 186.1 in (4.74 m) / Width 70.1 in (1.78 m) / Height 57.0 in (1.45 m)
• Wheelbase: 106.7 in (2.71 m)
• Weight: 2,705–2,850 lbs (1,226–1,291 kg) depending on trim
• Seating Capacity: 5 passengers
• Cargo Capacity: 13.1–14.4 cu ft (370–410 L) behind rear seats; 24.1 cu ft (680 L) with seats folded
• Exterior Color Options: 16 unique paint finishes available (choose according to region)
• Interior Features: 6.1‑inch touchscreen, Apple CarPlay, Android Auto, dual‑zone climate control, push‑button start, leather seats (optional), LED headlights
• Standard Safety: 9 basic airbags, ABS, Electronic Stability Control (ESC), traction control
• Warranty: 3‑year/36,000‑mile basic coverage + 5‑year/60,000‑mile powertrain (subject to market variations)

When you’re looking at the Toyota Corolla price range for a newly manufactured 2016 model, the numbers can vary significantly across regions, trim levels, and optional packages. However, most listings reflect a comparable starting MSRP between used Toyota Corolla price ranges of approximately $12,000–$18,000 USD depending on mileage, condition, and local demand. For the latest models, the database notes typical price adjustments that are loosely tied to the market’s overall trend, ensuring your estimate aligns with current industry values.

Depreciation Insights

We’re often asked: “What is a 2016 Toyota Corolla worth?” The equation revolves around depreciation, a key factor driving resale value. Typically, a Toyota Corolla experiences a loss of 15–20% of its value in the first year, largely because of the brand’s strong demand and high reliability. Between years two and five, depreciation usually slows to around 10–12% per year, after which it begins to accelerate again as the vehicle ages past the five‑year mark.

• First Year: ~15–20% loss
• Years 2–5: ~10–12% loss annually
• After Year 5: ~12–15% loss annually

To illustrate, if you acquired a 2016 Corolla with a purchase price sitting at the midpoint of the market (~$15,000 USD), you might expect its value to drop to about $12,000 after one year, then to $10,200 by the end of year three, and roughly $8,500 by year five. These rates are averages; actual values will shift depending on mileage, depreciation rate of the specific region, and any enhancements or aftermarket additions that affect desirability.

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