It's the global showroom champion each year and is the all-time record holder, overtaking the Model T Ford and Volkswagen Beetle which had held the title before Brand T's equivalent of the Big Mac.
But there is one car which makes the Corolla look like an underachiever. It's a car called the Little Tikes Cozy Coupe, which has been around now for 30 years. The plastic children's runabout sells at a crazy rate, driving into 457,000 homes in 2008 alone.
That result easily trumped the Toyota Camry and Honda Accord which are America's favourite full-sized cars, and this year the Cozy Coupe is selling at nearly double the regular rate as people re-discover its charm.
It helps that the Coupe has been given a car company-style facelift for the anniversary, with a new smiley face, a parent-controlled push handle, opening fuel filler and a high seat back with cabin storage.
The Cozy Coupe is now even available in Australia and, priced from $129.99 at major retailers, is likely to be one of the four-wheel stars of 2008.