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http://www.autoweek.com/article/20130606/CARNEWS/130609869
The all-new 2014 Corolla is the 11th generation of the largest-selling car in the world. Along with the Camry it's the very bread and butter of a very bread-and-butter automaker. So it's pretty important for Toyota.
The Corolla hasn't had a significant redesign since 2009, yet last year it sold 290,947 units in the U.S.-- more than the Hyundai Elantra, Volkswagen Jetta, and Chevy Cruze. It sold more than the Ford Focus sedan and hatchback combined. All of these competitors are either the same age or newer.