T170 series
The Corona and the Toyota Carina continued to increase in size as its popularity grew. Because of Japanese taxation laws, both models got to the maximum 1,700 mm (66.9 in) permitted for a lower tax bracket, and in the 1980s and early 1990s, the cars were the same size. The previous generation ST160 Corona Coupé did not update with this generation, and was not replaced until 1993, when it was renamed as the Toyota Curren. For this generation, the new Corona EXiV four-door hardtop would have to do for those looking for something extra. Again, a Carina T170 Series derivative was also available. It was launched in Japan in December 1987. Confusingly, the Corona was marketed as the Carina II in Europe.

T180 series Corona EXiV
The T180 series Corona was introduced as the Toyota Corona EXiV (for "Exciting Version"), which was shared with a Carina twin, called the Toyota Carina ED. The Corona EXiV followed from the successes of the Corona Coupé, by introducing a sleek appearance of a low-slung coupé, while adding two more doors, in the tradition of a four-door coupé.

T190 series
Introduced in March 1992 the new Corona made its European debut at Geneva Auto Show. The Corona's platform twin, the Carina, was known in Europe as Carina E, which replaced the Carina II. The Carina E was built at Toyota's factory in Burnaston, Derbyshire, England, United Kingdom. The UK-produced Carina E was notorious for having some parts of slightly lower quality than the ones produced in Japan.
This generation of Corona was called Corona Absolute in Indonesia, or Corona Exsior in the Philippines, Thailand and Taiwan. Generally the Carina E was offered in XL and GL trim levels, but in UK they were marketed as S, GS, CD, and CDX. The high performance GT-i with 3S-GE engine was offered in small numbers in certain European countries. The T190 is the last Corona for most export markets, trim levels are XL, GX, and GLi with 1.6, 1.8, or 2.0 litre four-cylinder engines.
It was also sold in New Zealand, but not Australia. Engines were the same as the Toyota Carina E, except there was no diesel variant. The station wagon variant was a badge-engineered Toyota Caldina.
In the Philippines, the Corona was only available with the 2.0 litre I4 3S-FE engine throughout its production from 1993-1998. Early examples of the Corona T190 (ST191) looks similar to the 1992 Japanese spec model. It only has the 2.0 EX Saloon variant, with a choice of a 5-speed manual or a 4-speed automatic transmission. The 1995 model has the facelifted exterior, having the front and rear bumpers with the black trim, and the standard 3 piece rear spoiler. The Exsior was introduced in 1996, this time with extended bumpers and red/amber taillights and garnish. Another variant of the Corona Exsior was the LE, which had genuine leather seats, faux dash wood panel, and electronic air purifier/ionizer as standard equipment. It was eventually replaced in 1998 with the Toyota Camry XV20. The five-door model was called the Corona SF in Japan, while the station wagon had become a separate line there, from 1993, called the Toyota Caldina.

T200 series Corona EXiV
The T200 series Corona was sold as the continuation of the Toyota Corona EXiV hardtop sedan, while the Corona Coupe was relocated to Toyota Vista Store locations and reintroduced as the Toyota Curren.

1st generation Caldina (1992-1997)
The first Toyota Caldina was the 5-door wagon or commercial van version (1992–2002) of the four-door sedan Toyota Corona in Japan. The wagon has independent strut rear suspension while the commercial wagon has semi-independent leaf springs. The wagon was given its own identity, whereas previous station wagon versions were named Corona wagons. The Caldina was introduced as a successor to the Corona and Carina wagons, and was sold at Toyota Japanese dealerships Toyota Store and Toyopet Store locations. The Caldina was introduced after the Subaru Legacy wagon and the Nissan Avenir wagon.

T210 series
A final eleventh generation was built between 1996 and 2001 for the Japanese home market, with one particular model called the Toyota Corona Premio that was spun off into an independent model called the Premio (coded ST210), with the Allion following after the Carina after 2001. The Corona Premio was offered as Base Premio, Premio E, and Premio G. Four-cylinder engine choices are 1.6 litre 4A-FE, 1.8 litre lean burn 7A-FE, and 2.0 litre 3S-FE. Diesel engines offered were 2.0 L 2C-T and later on replaced by more economical 2.2 L 3C-T. This is the last model using Corona name in Japan.

2nd generation Toyota Caldina (1997-2002)
Sharing a platform with the T210 series Toyota Corona and Toyota Carina, the Caldina is the Japanese version of the Toyota Avensis, which replaced the Carina II in Europe.
The 4WD models are coded ST215, and are offered as Active Sports GT with the 3S-GE engine. The top of the line GT-T came with the turbocharged 260 PS (191 kW; 256 hp) 4th generation 3S-GTE engine, and included an all-wheel drive system similar to the Toyota Celica GT-Four. The GT-T also came with optional electronic stability control(VSC) (standard on Active Sports versions). The Aerial version features a large sunroof and countoured roof racks as standard.[32] Weighing 1,470 kg (3,241 lb), the Caldina GT-T offers similar performance to a Subaru WRX wagon achieving 0–100 km/h in 7 seconds. A refresh was given in 2000 with new bumpers and lamps a refreshed interior and extra lug added to the turbo manifold to stop the warping issue common on earlier GT-T models. Engines for lesser models are the 1.8 L 7A-FE, the 2.0 L gasoline 3S-FE, and the 2.2 L diesel 3C-TE.

T220 series
The T220 was built as sedan, liftback, and wagon. Only the Wagon was sold in Japan as the Caldina built on the T210 platform. The Sedan and Liftback were mainly sold in Europe as Avensis, and the lower grade model for taxi called Corona. Four-cylinder engines for the Avensis is 1.6, 1.8, 2.0 gasoline, and diesel. The Corona Taxi has turbo diesel. In South America, the Avensis is renamed Corona and powered by 2.0 litre 3S-FE engine. This is the last Corona, and the third generation Caldina was built on the new T240 platform.