After discovering and enjoying Initial D, I asked myself why I had missed the 80s Corollas when I was a young speed demon. Then I looked at the horsepower ratings and, rear wheel drive handling not withstanding, understood why. They just didn't make enough power.
Us all-American guys who wanted to buy a brand new go-fast car on a budget in the '80s had three real options, the Camaro, the Mustang or one of the Turbo Dodges. The weakest of these three were the Dodges but even in their cheapest iterations they still out gunned the 115 HP Corolla by around 30 horses. Sure they were front wheel drive, but they were light and fast on the freeway which is where most of us in the United States went fast anyhow. And once you learned how to row the gears to manage your boost, you could keep up with damn near anyone.
That's not to say the Corolla, the 200SX and the other mid-range Japanese cars of the '80s weren't fun. They were wonderful cars in their own right, but if you wanted to go fast in a Japanese car back then, you were paying all the money for a "real" performance car, not a hotted up economy model. But I do miss those times, when every manufacturer had something fun in almost every price range but I think the import craze has people looking back at these particular cars through glasses that have too much rose colored tint.