Is the $17,540 price on this 2022 Toyota Corolla a good deal?

OAV rates this as Fair Price because the asking price of $17,540 is within the typical market range for this vehicle.

How long does a 2022 Toyota Corolla typically stay on dealer lots?

Comparable Toyota Corolla listings in TN spend an average of 59 days on dealer lots.

Where is this 2022 Toyota Corolla located?

This vehicle is listed in Memphis, TN 38119. VIN: 5YFEPMAE4NP354507. Mileage: 71,805 miles.

What is the fair market price range for this 2022 Toyota Corolla?

OAV's Price-to-Market analysis estimates the fair market range is $14,399 to $20,445, based on 19 comparable listings matched to this vehicle.

2022 Toyota Corolla LE for Sale in Memphis, TN

Dealer imagery unavailable to OAVRequest current photos and confirm the vehicle's condition with the dealer.

Vehicle Details

VIN5YFEPMAE4NP354507

TrimLE

Exterior ColorGray

DrivetrainFWD

Engine1.8L I4

TransmissionAutomatic

Fuel TypeUnleaded

Inventory Typeused

Days on Lot364

Fair Price

$17,54071,805 mi

Memphis, TN 38119

Is this 2022 Toyota Corolla LE a good deal?

OAV verdict: Fair Price

Why: Listed at $17,540, comparable market range $14,399–$20,445, based on 19 comparable listings. Days on lot: 364 days (market average 59 days).

Market price position

$17,540 · within market range

Comparable range: $14,399 – $20,445
vs. market: $3,141 above low · $2,905 below high
Comparable vehicles: 19

Market Retail Price (MRP™)

$17,422

This vehicle $17,540 · $118 (1%) above MRP

MRP™ is the midpoint of the comparable market range — the representative price the market is asking for similar vehicles. How MRP works.

True Retail Value (TRV™)

$18,513

This vehicle $17,540 · $973 (5%) below TRV

TRV™ is the average paid price for cars like this in the last 60 days (sold data through 2026-07-31) — an estimate, not an appraisal. How TRV works.

Demand-Verified· Backed by recent sales data

Faster-than-average sell-through

Similar vehicles recently sold in an estimated 10–41 days.

What does Demand-Verified mean?

Verify before inquiring

This listing has been on market about 8.9x longer than typical for similar vehicles (cohort sells in 10–41 days; this one is at 364). Long days-on-lot on a fast-turn cohort can signal title concerns, mechanical issues, or pricing the dealer won't actually honor. Recommend a vehicle history report before spending more time.

Market Breakdown

Local = comparable listings in the same metro. Regional = comparable listings across the broader state or multi-state region. Both ranges are rebuilt from the market snapshot shown above.

Local Range$17,998 – $17,998

Regional Range$14,399 – $20,445

Cadillac Of Memphis

Memphis, TN

OAV routes your inquiry; pricing, taxes, fees, and availability come from the dealer.

View all vehicles from cadillac of memphis →

Request availability and out-the-door price

OAV will route your inquiry to Cadillac Of Memphis for current availability of this 2022 Toyota Corolla LE and an out-the-door price quote (taxes, fees, addons included).

OAV routes your inquiry; pricing, taxes, fees, and availability come from the dealer.

About This 2022 Toyota Corolla

Listing updated: Jul 31, 2026

Listed by a franchise dealer in Memphis, TN · On lot for 364 days · VIN verifiable at NHTSA

This used 2022 Toyota Corolla LE is listed at $17,540 by cadillac of memphis in Memphis, TN 38119. It has 71,805 miles on the odometer (dealer-reported, not independently verified by OAV). The exterior color is Gray. It features a FWD drivetrain with a 1.8L I4 engine and Automatic transmission.

OAV's AI-powered Price-to-Market analysis rates this vehicle as Fair Price — priced at market value. Based on 19 comparable listings matched to this vehicle, the estimated market range is $14,399 to $20,445. These comparisons match year, make, and model and may currently span trims and configurations (trim-level matching is rolling out).

This vehicle has been on the lot for 364 days.

Analysis powered by OAV's patented inventory standardization technology (U.S. Patent No. 12,236,477).

Market context

This listing is part of OAV's broader Memphis, TN sedans market analysis. OAV compares vehicles using local and regional price-to-market ranges, days-on-lot, comparable count, and demand signals where available.

How this deal is rated

OAV compares this 2022 Toyota Corolla against similar vehicles currently available in the local and regional market — same make, model, and year range (currently across available trims and configurations; trim-level matching is rolling out), filtered for comparable mileage. Based on where this listing falls in that comparable set, it is rated:

Great Deal — priced below the typical range for comparable vehicles.
Fair Price — priced within the expected range for comparable vehicles.
Overpriced — priced above the typical range for comparable vehicles.

Listings show OAV's PTM-derived deal quality and live market context. OAV-claimed dealers manage their listing profile and route buyer inquiries directly. Paid OAV partners surface additional verification signals.

How this listing is verified

This vehicle listing was aggregated from a franchise dealer in Memphis, TN, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN 5YFEPMAE4NP354507 can be independently verified via the U.S. Department of Transportation's NHTSA VIN decoder, and safety recalls at NHTSA's recall database.

Vehicle attributes (year, make, model, trim, mileage, location) are standardized using OAV's patented methodology (U.S. Patent No. 12,236,477), which normalizes naming conventions and deduplicates cross-listed inventory across the dealership network. Listing data is processed daily; Price-to-Market analysis uses comparable vehicles within the same geographic market.

2022 Toyota Corolla Market in TN

TN Market Listings

242

Average Price

$19,676

Price Range

$9,195–$30,078

Avg Days on Lot

Based on all 242 2020-2024 Toyota Corolla listings in the TN market, the average asking price is $19,676. This listing at $17,540 is $2,136 below the broader TN average (11% below the TN average). This is a wider, all-trim comparison across TN; OAV's price verdict above uses the closer comparable set. Comparable prices in TN range from $9,195 to $30,078. Similar vehicles spend an average of 59 days on dealer lots in this market.