E20 2nd Gen (1970 to 1978)

The Toyota Corolla, manufactured globally from 1970 until 1978 in its second-generation form, is a high-energy icon of the "coke-bottle" styling era that effectively turned Toyota into a global household name. Known by the E20 chassis code, this generation was a significant leap forward in sophistication, featuring a longer wheelbase and an improved front sway bar that helped it become the second best-selling car in the world during its debut year. In the 2026 Australian market, the E20 has shed its reputation as a simple commuter to become a premier blue-chip collectible, especially as Australia was one of the few locations outside Japan to host local assembly for these models at Port Melbourne. The local buyer pool is a dedicated group of vintage enthusiasts and "restomod" builders who frequently campaign the 1.2-litre 3K and 1.6-litre 2T powered variants at roll racing nights and local hill climbs like the Rob Roy Revival, where their lightweight, rear-wheel-drive chassis remains a competitive favourite. Desirability has spiked in 2026, particularly for the sporty Levin and SR coupes, as the "nostalgic JDM" movement continues to drive interest in the ancestors of the modern GR Corolla. Consequently, the market value of the E20 in Australia is exceptionally strong; while the KE26 wagons and vans (which famously remained in production until 1978 alongside the newer E30) offer a unique entry point for collectors, pristine KE20 sedans and KE25 coupes are now being protected as high-value assets by investors who recognise them as the definitive turning point in Toyota's international success.

The Toyota Corolla, manufactured globally from 1970 until 1978 in its second-generation form, is a high-energy icon of the "coke-bottle" styling era that effectively turned Toyota into a global household name. Known by the E20 chassis code, this generation was a significant leap forward in sophistication, featuring a longer wheelbase and an improved front sway bar that helped it become the second best-selling car in the world during its debut year. In the 2026 Australian market, the E20 has shed… Read more