The Scepter, in its international Camry form is regarded as the first Camry to break into the large car market, or what Toyota billed at the time as "world-sized". At the same time, the once subcompact Corolla was moved to the compact class, and the Camry moved to the mid-size class. This Scepter model marked the transition away from a smaller vehicle into a larger, more luxurious family car.
The Japanese market received a new V40 series Camry in 1994, but the Scepter lived on until 1996—skipping a generation before being replaced by the XV20 Camry globally. This new model ceased the era of separate Camrys—a global Camry—and a smaller Japanese domestic market version. In Japan, the smaller Vista took up the former V40 Camry role from 1998.
The Scepter, at its most basic level, shipped with a 2.2litre 5S-FE four-cylinder engine, up from 2.0litres in the V20 and V30 Camrys. This unit produces 97kilowatts (130hp) of power and 197newton metres (145ft·lbf) of torque. Power and displacement increases were also received by the V6 engine. The 3.0litre 3VZ-FE unit was rated at 138kilowatts (185hp) and 264newton metres (195ft·lbf). An all-new aluminium 1MZ-FE V6 debuted in North American models from 1994, with other markets following. Power rose to 140kilowatts (190hp) and 275newton metres (203ft·lbf).
For the North American market, Camrys were produced in Georgetown, Kentucky by Toyota Motor Manufacturing Kentucky. Introduced in 1991 as a 1992 model year, automatic transmission became the only option on all but the base and sport model Camrys, whereas previously, a manual transmission was available on the majority of trim levels. In addition to the DX and LE trims, 1992 saw the addition of an XLE luxury trim and the SE sport trim. The SE model differs from the LE and XLE in appearance with the addition of a standard V6 engine, alloy wheels, a rear spoiler, and black side mirrors as well as the sports suspension from the Lexus ES300. The range-topping XLE was equipped with leather upholstery along with an electric sunroof and power adjustable driver's seat. The station wagon body styles were offered in a new seven-seat guise, compared to five in the regular wagon and sedan. These station wagon models were made exclusively in the United States, with the factories in Japan and Australia only fabricating sedan models. As a result wagons in right-hand drive configurations were exported to these markets. The case for sedans was different, in 1992, only 75percent of the Camry sedans sold in the United States were manufactured locally. This generation of Camry was featured on Car and Driver magazine's Ten Best list for 1992 and 1993.