SOURCE: 08 corolla trunk does not latch
Depending on how many miles it has it may be under factory warranty. If it has less than 36k miles it will be. It will be totally free of charge. I had the same problem with mine and they had to replace the latch. I would check with the dealer first and see if it is still under warranty. If not the latch will need to be replaced.
SOURCE: trunk wont open with remote or latch inside car
Its probably the cable that runs from the latch to the trunk. This happened to me in my Accord. The part was only $25, but the labor was almost $260, so I just bought the part and did it myself. It was a lot of work (had to take up the carpet a little and take out the seats, but it only took 2 hours with 2 people working on it and I saved $260. hope that helps!
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