Toyota Corolla Sold over 40 million units worldwide till 2013, Toyota Corolla is the most popular car in the world since 1974. This economy car is available as subcompact or compact forms and was introduced in 1966 by Japanese automaker Toyota. Toyota reached the milestone of 40 million Corollas sold.The series has undergone several major redesigns with eleven generations. Early models were mostly rear-wheel driven but later models are front driven. Now produced in 13 countries worldwide, the Toyota Corolla is a legend in the automobile history.