Used Mitsubishi Lancer for Sale near Prince Edward Island

How much does the Mitsubishi Lancer cost in today's market?

Used Mitsubishi Lancer prices span a wide range depending on model year. Here's what the market looks like right now:

The Mitsubishi Lancer's current nationwide average price is $7,715, and its year-round low is $7,714.84. That puts recent pricing very close to the low end of the model's annual range. Recently, prices have come down for the 2015 models, making now a good time to shop recent model years.

Is the Mitsubishi Lancer a good car?

Yes — the Mitsubishi Lancer has a strong reputation with shoppers who want a sporty compact sedan that feels engaging in everyday driving. The all-generations owner rating is 4.46/5 across every model year in the data.

Owners consistently praise its handling, sporty design, and fuel economy. Many also like the way it brings more character to the compact-sedan formula, especially for urban driving. 24.1% of listings are priced as good or great deals.

Are Mitsubishi Lancer models reliable?

Owners and experts consistently point to the Lancer’s engaging driving feel and value-focused appeal, along with a reputation for being a dependable budget-friendly choice. The strongest feedback also highlights its sporty personality and the way it makes everyday driving feel more enjoyable.

• Owners rate the Mitsubishi Lancer 5.0 out of 5 stars across all model years in the data.

For used buyers, long-term ownership risk is best managed by checking service history carefully, especially on higher-mileage examples.

What should I look for when buying a used Mitsubishi Lancer?

Across all model years, at 51.7% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.

What Mitsubishi Lancer do most buyers choose?

The Mitsubishi Lancer years with the most listings are 2016, 2015, and 2014.

These higher-volume years tend to draw more shoppers because they give you more inventory to compare, which can make it easier to find the right trim, mileage, and price combination. They also often become the most familiar choices for used-car buyers who want a broad selection.

What is the Mitsubishi Lancer's resale value?

The price movement shown here points to a decline in value over the past year, which can work in your favor if you're shopping used. A lower year-over-year price can create a better entry point for buyers who want to maximize value. The 2015 model years have held their value best, with the smallest year-over-year price changes.

Should I buy a used Mitsubishi Lancer now or wait for the next model?

Buy now if:

• Price trend: The 2015 model is at −7.9% versus a year ago.
• Deal availability: The 2015 model has 28.9% good and great deals.
• Sweet-spot year: The 2016 model has the most listings.

If you're buying used today, the 2016 model year offers the best mix of value and availability. If you want the newest version, it may be worth waiting for 2019 inventory to mature.

These recommendations are based on CarGurus' proprietary market data from September 4, 2026, CarGurus experts' opinions, and generative AI.