Mitsubishi Lancer

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2008-2017
2008 Redesign Year
Mitsubishi Lancer 2017
The 2008 Lancer redesign brought great improvements, including a decent ride and fairly agile handling. Its 2.0-liter four-cylinder has good acceleration, but the engine is sluggish from a stop, tends to moan at high revs, and returns uncompetitive fuel economy. The cabin is furnished with drab plastics, but the controls are simple to use. The sporty, AWD Ralliart is quick and agile. But it's also noisier, has a stiff ride, and its automated manual transmission is annoying during all but the most spirited drives. The high-performance Lancer Evolution is a turbocharged all-wheel-drive rally car for the road. It's furiously fast, but grating to live with on a daily basis for drivers who aren't willing to compromise comfort for performance. The Lancer has been discontinued for 2018.
Average Retail Price Trade-in Price Reliability Verdict Owner Satisfaction View Local Inventory
2017 $11,475 - $14,250 $8,845 - $11,445
2016 $9,700 - $12,325 $7,135 - $9,585
2015 $8,050 - $29,675 $5,520 - $27,220
2014 $6,825 - $27,000 $4,315 - $24,580
2013 $4,975 - $25,150 $2,525 - $22,725
2012 $4,750 - $21,700 $2,305 - $19,355
2011 $4,525 - $19,675 $2,080 - $17,380
2010 $4,225 - $18,275 $1,835 - $15,985
2009 $3,925 - $6,275 $1,585 - $3,685
2008 $3,675 - $15,575 $1,380 - $12,440
2002-2007
2002 Redesign Year
Mitsubishi Lancer 2006
This iteration of the Lancer is an unimpressive compact sedan. Slow, with clumsy handling and poor ride quality, the model trailed the compact sedan field of its day. While the interior is spacious, the seats are uncomfortable and noise levels are quite high. The model also earned a Poor ranking in IIHS side-crash testing.
Average Retail Price Trade-in Price Reliability Verdict Owner Satisfaction View Local Inventory
2007 $3,850 $1,525
2006 $3,525 - $15,125 $1,250 - $12,030
2005 $3,100 - $13,900 $1,090 - $10,875
2004 $2,900 - $11,800 $940 - $8,905
2003 $2,700 - $11,475 $780 - $8,605
2002 $2,525 - $2,950 $625 - $980