The AE86 series of the Toyota Corolla Levin and Toyota Sprinter Trueno are small, front-engine/rear-wheel-drive models within the front-engine/front-wheel-drive fifth generation Corolla (E80) range—marketed by Toyota from 1983 to 1987 in coupé and liftback configurations.

Lending themselves to racing, the cars were light, affordable, easily modifiable and combined a five-speed manual transmission, optional limited slip differential, MacPherson strut front suspension, high revving (7800 rpm), twin-cam engine with oil cooler (e.g., in the US), near 50/50 front/rear weight balance, and importantly, a front-engine/rear-drive layout—at a time when this configuration was waning industry-wide.

Widely popular for Showroom Stock, Group A, and Group N, Rally and Club racing, the cars' inherent qualities also earned the AE86 an early and enduring international prominence in the motorsport discipline of drifting. The AE86 was featured centrally in the popular, long-running Japanese manga and anime series titled Initial D (1995–2013)—as the main character's drift and tofu delivery car. In 2015, Road & Track called the AE86 a cult icon, inextricably interwoven with the earliest days of drifting.[12]

The AE86 would go on to inspire the Toyota 86 (2012–present),[13] a 2+2 sports car jointly developed by Toyota and Subaru, manufactured by Subaru—and marketed also as the Toyota GT86, Toyota FT86, Scion FR-S and Subaru BRZ. For the 2022 model year, Toyota Released the Toyota GR86 and Subaru BRZ.

In November 2021, Toyota temporarily restarted the production of a limited number of parts for the AE86, with dealers beginning to take orders for new steering knuckle arms and rear brake calipers. Rear axle half shafts have also been scheduled for new production. Toyota has also announced that this reboot is temporary, and parts will only be available as long as stocks last.