This price range reflects the Kelley Blue Book Suggested Retail value for all trim levels, but not necessarily all available options.
The Kelley Blue Book Suggested Retail value represents the amount an auto dealer might ask for a specific vehicle; the actual sale price will vary. A vehicle's popularity, condition, warranty, color and local market conditions are factors involved in determining a final price. The retail value is not a trade-in or private party value.
The Suggested Retail value assumes that the vehicle has been fully reconditioned and has a clean title history. The Suggested Retail value also allows for advertising, sales commissions, insurance and other costs of doing business as a dealer. Most vehicles offered at this price have passed an inspection, and some may carry a warranty. Vehicle mileage is assumed to be normal or below normal.
The Lancer competes against other small sedans like the Ford Focus, Honda Civic and Mazda3, and there's a high-performance Ralliart trim level.
The Lancer Ralliart bears some resemblance to the high-power Lancer Evolution and features a turbocharged four-cylinder engine, Mitsubishi's twin-clutch transmission and all-wheel drive. The Lancer Evolution and the Lancer Sportback, a five-door hatchback, are covered in separate reports in the Cars.com Research section.