For 1992, the most significant change in the Mazda 626 was the discontinuation of the GT touring hatchback, which was suffering from slow sales. Other than that, the model remained largely unchanged.

The 1992 Mazda 626 came in a number of trims, including the base DX sedan and the midrange LX sedan and hatchback. The DX and LX models shared a 2.2-liter, 110 power four-cylinder engine. Fuel economy was 24/31.

Owners of the 1992 Mazda 626 like the car because it is reliable and economical. They get good gas mileage, and when they need to make a rare trip to the shop, they are inexpensive to fix. They are also highly customizable, with many aftermarket parts and accessories available. Some owners complain that the interior feels cheap, and some have had problems with the air conditioning.