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 $11,200 - $13,975 $8,595 - $11,195
2016 $9,225 - $12,000 $6,685 - $9,285
2015 $7,575 - $29,425 $5,070 - $26,970
2014 $6,400 - $26,800 $3,915 - $24,380
2013 $4,700 - $24,875 $2,275 - $22,475
2012 $4,525 - $21,650 $2,105 - $19,305
2011 $4,275 - $19,625 $1,880 - $17,330
2010 $3,925 - $18,125 $1,585 - $15,735
2009 $3,675 - $6,050 $1,385 - $3,485
2008 $3,300 - $15,350 $1,180 - $12,240
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 $3,675 $1,375
2006 $3,275 - $15,025 $1,150 - $11,930
2005 $2,950 - $13,775 $990 - $10,775
2004 $2,775 - $11,675 $840 - $8,805
2003 $2,575 - $11,375 $680 - $8,505
2002 $2,400 - $2,825 $525 - $880