Two problems related to transmission failure have been reported for the 2016 Toyota Corolla. The most recently reported issues are listed below. Please also check out the statistics and reliability analysis of the 2016 Toyota Corolla based on all problems reported for the 2016 Corolla.
2016 Toyota Corolla, 80,000 miles. I'm driving up a hill towards the freeway and my car slows and comes to a stop. I try to turn the car on and it won't turn on. Get it towed to a mechanic and they say the transmission failed and it'll be $8,000 to repair. This transmission failure came out of the blue and my car isn't even covered for it because my warranty expired at 75,000 miles. Contacted Toyota USA and they said my car isn't covered under the cvt recall of certain 2014-2017 Corollas so I'm left with this mysterious transmission defect which put me in a dangerous situation as I was trying to head onto the freeway!.
Received a service bulletin that the cvt needed a software update. We had this done at inver grove Toyota. However, the rpm's continued to fluctuate while driving at lower speeds. Took it back to the dealer and then told the transmission needed to be replaced at the cost of $6000. Car has just over 62000 miles and Toyota would not grant an exception to the warranty to cover the new transmission. We now have thr vehicle at an independent shop who is doing a diagnosis. If they find the transmission has failed, they will be replacing it with a used transmission from a salvage yard.