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The Corolla is a line of subcompact/compact cars produced by the Japanese automaker Toyota, which has become very popular throughout the world since the nameplate was first introduced in 1966. In 1997, the Corolla became the best selling nameplate in the world, with over 35 million sold as of 2007. Over the past 40 years, one Corolla car has been sold on average every 40 seconds. The modern Corolla shares only the name with the first generation car, as the series has undergone several major redesigns. The current North American Corolla is priced and sized in between the Yaris and the Camry.