The 1982 Supra ushered in the second generation of the car, which fans refer to as the Mark II, or MK2. The new Supra got a redesigned front end, including pop-up headlights. It also got a bigger engine, and began to stand apart from the Celica, earning its reputation as Toyota's performance car.

The 1982 Toyota Supra came with a 2.8-liter dual overhead cam engine with 145 horsepower. It also came in two trim levels, the P-type (Performance Type) and L-type (Luxury Type.) The P-type came with sporty options such as eight-way adjustable seats. The L-type was available with higher end options such as leather seats, a digital dash, and a high-tech trip computer.

Drivers of the 1982 Toyota Supra liked that it was reliable and a good value, but still had a good amount of power for a car of that era. However, it still didn't perform like a sports car, which is was being marketed as.