The Lancer is a new addition to the Mitsubishi lineup for 2002, replacing the Mirage economy car. The new Lancer name has been used to announce significant engineering improvements to its entry level car. The Lancer is larger, more powerful, and more equipped than its predecessor.

There are three trim levels for the Lancer: the ES, LS and O-Z Rally. All models are powered by a 2.0 liter inline four, which generates 120 horsepower and 130 pound-feet of torque. The ES and O-Z are available with either a five-speed manual or a four-speed automatic transmission. The LS is only available with the automatic. Fuel efficiency is estimated at 26/33 mpg with the manual and 24/30 mpg with the automatic.

More features also become available with the Lancer, as Mitsubishi attempts to distance this new offering from the Mirage. All models come standard with air conditioning, power steering, cloth upholstery, front bucket seats, power mirrors, power windows, power door locks, a CD player and automatic-off headlights. The two upper trims include cruise control, keyless entry and alloy wheels.

According to reviewers, he Lancer's best features are a comprehensive features list, a spacious interior and fuel economy. There is plenty of head and leg room are adequate, but the cabin is too narrow for three adults to be comfortable in the back. Some interior materials retain the low quality attributes of the Mirage, but the interior does appear to be well-constructed.

The Lancer's acceleration might be frustrating for some drivers. Test drivers recommend the manual transmission.