Toyota announced the official pricing for the all-new 2014 Corolla sedan.

The 2014 Corolla is available in four distinct grades: L, LE, S, and the new LE Eco grade. The Corolla lineup offers a vehicle for broad range of customers, from the familiar value-minded to shoppers seeking a more premium compact car.

The Corolla will be offered at $16,800 for the L grade with a new 6-speed manual transmission. The Corolla L with 4-speed automatic is priced at just $17,400.

The Corolla LE starts at $18,300, which is only $120 above last year’s Corolla LE. The sporty-themed Corolla S is available at $19,000, which represents a $60 reduction versus the outgoing model.

The all new Corolla LE Eco trim level offers enhanced fuel economy due to a 140-hp Valvematic-equipped engine, improved aerodynamics, and unique CVTi-S tuning. The LE Eco enters the market at $18,700.

The Corolla LE Eco will offer an EPA rating of 42 mpg on the highway, giving it the best highway fuel economy in the class for a vehicle equipped with an automatic transmission, excluding electric vehicles, hybrids, and diesels.

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