As for the automatic, 4 gears are sufficient but 5 would be better, of course. In normal driving, though, the average Corolla owner shouldn't complain. Alas, the all-new 2009 model will carry on with the 4-speed unit.

The chassis dynamics of the Corolla are, well, competent but with no sign of apparent sportiness. The car behaves well, but if you're hustling, you'll easily get those 15-inch touring tires squealing like a pig that's getting its tail pulled on. The tradeoff is a cushy and comfortable ride, and that's what a lot of people are looking for (and finding) in this Toyota.

Nothing flashy but very intuitive.

No-nonsense cockpit
The interior of the Corolla is welcoming, but its styling isn't adventurous at all. The instrument panel, switchgear and radio are straightforward, with big buttons and clear numerals. The only problem concerns the smallness of the radio's volume and tuning knobs, but that's about it.

The cushy seats are covered in a pleasing fabric, and there is ample space for everyone, even in back. Toyota got the basic recipe right for this car; big, upright doors allow for easy entry and exit, large windows make for great outward visibility and the trunk is decently-sized.

The 20th anniversary package includes air conditioning, power windows and power door locks with remote keyless entry. Those who feel safer in a car that has plenty of airbags will be disappointed that only the most-expensive Corolla LE has side curtains.

Competition
The base Toyota Corolla CE costs $15,785 and my test car is equipped with the automatic transmission ($1,000) and the aforementioned 20th Anniversary package ($3,115), for a total of $19,900.

The Corolla has long been one the favorites in its segment.