Bought my 1994 wagon fresh off the 1st production line in Sept '93 (The last yr made in Japan). I don't drive much and keep it garaged so it still looks & runs the same as day 1!!! Haven't done anything but regular maintainance- fluid changes, brake pad, battery, tire & wiper blade replacements- That's it. I only have 50k miles on it so I'll have to give it to someone when I get tired of it because it won't die in my lifetime. I agree with another viewer that the Matrix is not a viable replacement because its trunk is way too small- but it's built with the same frame & engine. I'm going for the Prius next. Its hatchback trunk is a decent sz & it sure is sexy compared to the Corolla.
Reliablility, build quality, very fun to drive- great pickup, peppy and tight turn ratio with little steering play. (I have the DX 3-speed automatic model with most of the LS features)
Needs more sound proofing, better sound system, sexier interior doors, power passenger side mirror. I had to add a rubber strip to the top of the back bumper because the paint always scratched from loading/unloading heavy hauled items (They now have this on the Matrix).