AKIPRESS.COM - The world's most popular car just got a makeover, CNN reports. 

Toyota unveiled the new 2020 Corolla sedan, which promises to be more efficient and more enjoyable to drive than the current model. A hatchback version of the car was unveiled last April at the New York Auto Show and is on sale now, but the sedan is the car most people recognize as "the Corolla."

Its popularity helped make Toyota the global force it is today. So, while the unveiling of a new multimillion dollar supercar may seem more exciting, the introduction of a new Corolla is unquestionably more important for both the auto industry and for far more people who actually buy cars.

Now all Corollas, including the hatchback and the sedan, will be based on the same engineering "architecture," that is also shared with the Prius and the C-HR small crossover. It's called the TNGA-C, for Toyota New Global Architecture, Compact. It's part of a bid by Toyota (TM) to save costs by radically simplifying its product lineup around the world.

Pricing for the new Corolla sedan hasn't been announced yet, but the current version starts at under $19,000. The 2020 Toyota Corolla will go on sale next Spring.