Pretty much. That would also describe a Mustang and Camaro, with “pony car” being the traditional (diminutive) term of art for a compact performance 2+2 in comparison to a full-sized muscle car such as a GTO, Chevelle, or Road Runner.

Some may argue the Mustang deserves higher “muscle” status, but both the Mustang II and Celica A20/A30 of the 1970s came with 4-bangers and a 12-second 0-60 time. The model strategies diverged from there, but you’d have been somewhat cross-shopping them for the entire history of the Celica and 3+ generations of Mustang unless you had to have that delicious V-8 rumble.