2027 Toyota Corolla iM Release Date: Full Guide – Looking for the 2027 Toyota Corolla iM release date? Here’s the clear answer for U.S. buyers: There is no 2027 Toyota Corolla iM. The nameplate was retired years ago. Its spiritual successor—the Corolla Hatchback—received a 2027 model-year update and is arriving at American dealerships now.
What Happened to the Toyota Corolla iM?
The Corolla iM started life as the Scion iM for the 2016 model year. After Toyota closed the Scion brand, it became the Toyota Corolla iM for 2017–2018. It was a practical five-door hatch based on the European Auris, powered by a 1.8-liter engine.
Toyota replaced it for the 2019 model year with the all-new Corolla Hatchback built on the TNGA-C platform. That name has stuck ever since. No official plans exist to revive the “iM” badge for 2027 or beyond.
2027 Toyota Corolla Hatchback Release Date
Toyota announced the 2027 Corolla Hatchback on July 14, 2026. The company stated it is expected to arrive at U.S. Toyota dealerships this summer (2026).
As of late July 2026, the updated hatch is already listed on Toyota.com and available for ordering or delivery at many dealers across the United States.
Pricing for the 2027 Corolla Hatchback
Manufacturer’s Suggested Retail Price (MSRP), excluding the $1,295 destination and handling fee:
- SE grade: $24,780
- XSE grade: $27,875
With destination, on-the-road prices start at approximately $26,075 for the SE and $29,170 for the XSE. Prices are subject to change.
What’s New for 2027?
The 2027 model is a mid-cycle refresh focused on technology rather than a full redesign:
- SE models now come standard with a 7-inch digital gauge cluster (previously a smaller analog-style display).
- A new SE Premium Package adds a 12.3-inch digital cluster and 10.5-inch Toyota Audio Multimedia touchscreen.
- XSE models receive the 12.3-inch digital cluster and 10.5-inch touchscreen as standard equipment.
- New exterior colors: Inked, Blueprint, and Blueprint with Black Roof.
- Toyota Genuine Accessory 18-inch gloss-white alloy wheels are now available across the lineup (inspired by the discontinued 2026 FX special edition).
- The sporty FX trim itself has been dropped for 2027.
Everything else carries over, including the athletic exterior design, sport seats, and overall dimensions.
Powertrain, Performance, and Fuel Economy
Under the hood sits the same 2.0-liter Dynamic Force four-cylinder engine producing 169 horsepower and 151 lb-ft of torque. It pairs exclusively with Toyota’s Dynamic Shift CVT (with a physical first gear for stronger launches) and front-wheel drive. Paddle shifters and three drive modes (Normal, Eco, Sport) remain standard.
Manufacturer-estimated fuel economy for the SE is 32 mpg city / 41 mpg highway / 35 mpg combined.
Toyota Safety Sense 3.0 is standard, including adaptive cruise control, lane-tracing assist, pre-collision system with pedestrian detection, blind-spot monitoring, and rear cross-traffic alert.
Looking Ahead: The Next-Generation Corolla
While the current Corolla Hatchback continues for 2027, Toyota is developing an all-new 13th-generation Corolla. Based on the Corolla Concept shown at the 2025 Japan Mobility Show, the next model is expected to debut in late 2026 or 2027 and offer multiple powertrains (hybrid, plug-in hybrid, battery-electric, and efficient gasoline options) on a flexible platform.
U.S. sales of the next-gen model would likely begin as a 2027 or 2028 model year vehicle. No hatchback-specific details have been confirmed yet.
Should U.S. Buyers Consider the 2027 Corolla Hatchback?
Yes, if you want an affordable, fun-to-drive compact hatch with strong reliability expectations, modern digital displays, and excellent safety tech—without waiting for a full redesign. It remains one of the last true compact hatchbacks available new in America under $30,000.
For the absolute latest pricing, incentives, and inventory in your area, check Toyota.com or visit a local Toyota dealer. The 2027 Corolla Hatchback is the closest thing to a modern “Corolla iM,” and it’s ready for American roads right now.