A 2012 Mitsubishi Lancer still asks 50% of what a 2017 one does — that's how much value it holds after 5 years. Among 93 sedans we price, that ranks #73, below the 58% class median. The steepest single-year drop comes at year 1 (−45.9%), after which losses ease to about 30.8% a year. Calculated from 107 listings.
Mitsubishi Lancer value by year
The newest Lancer at under half the 2017 price is the 2015, with a median asking price of $3,997 (37% of it).
| Year | Trade-in | Median | Dealer | Listings |
|---|---|---|---|---|
| 2017 | $6,300 | $13,888 | 13 | |
| 2016 | $4,500 | $8,995 | 14 | |
| 2015 | $2,500 | $6,525 | 11 | |
| 2014 | $4,800 | $6,500 | 4 | |
| 2013 | $3,900 | $6,000 | 4 | |
| 2012 | $4,600 | $7,300 | 7 | |
| 2011 | $2,200 | $4,988 | 5 | |
| 2010 | $1,500 | $3,800 | 4 | |
| 2009 | $3,000 | $3,300 | 3 | |
| 2008 | $2,750 | $5,800 | 5 | |
| 2006 | $2,600 | $4,999 | 5 | |
| 2005 | $1,000 | $2,800 | 5 | |
| 2004 | $1,500 | $2,395 | 3 | |
| 2003 | $1,700 | $4,200 | 14 | |
| 2002 | $1,100 | $3,500 | 4 | |
| 2000 | $44,995 | $49,995 | 3 | |
| 1998 | $4,999 | $4,999 | 3 |
How the Mitsubishi Lancer depreciates
The newest Mitsubishi Lancer has a median asking price of $10,900; a 19-year-older one runs about $4,999 — roughly 54% lost over 19 years (compare the typical depreciation curve by age).
Does the Mitsubishi Lancer hold value better than its rivals?
Over the same 5 years the Toyota Corolla keeps 68%, the Ford Focus 56% and the Subaru WRX 88%, against 50% for the Lancer. The Toyota Corolla, Ford Focus and Subaru WRX hold value better than the Lancer.
The Mitsubishi Lancer market right now
Adjust your Mitsubishi Lancer value for mileage
Trade-in, private-party & dealer price
For a 2017 Mitsubishi Lancer: a dealer trade-in offer is around $6,300, selling private-party nets about $10,900, and a lot asks near $13,888 — a $7,588 spread on the same car.
What sellers really ask, from our own listings: for the same model year, the Lancer costs a median 40% more from a dealer than from a private seller, across the 3 recent model years with enough of both. Title, state and mileage effects are on the Mitsubishi Lancer price page.
| Model year | Private seller (listings) | Dealer (listings) | Dealer vs private |
|---|---|---|---|
| 2015 | $4,500 (16) | $6,638 (12) | +48% |
| 2012 | $5,200 (8) | $5,499 (9) | +6% |
| 2011 | $3,499 (11) | $4,892 (12) | +40% |
Stop guessing at a price range.
- The exact number, not a $4,000 spread
- Market chart: where this model's price is heading
- Price-drop alerts when the model you want gets cheaper
- Full research report as a PDF
- No ads, no tracking — and much more
Get an exact Mitsubishi Lancer value by VIN
More on the Mitsubishi Lancer
Mitsubishi Lancer value FAQ
How much is a Mitsubishi Lancer worth?
It depends mostly on the model year: in our listings the median asking price runs from $1,400 to $49,995 across 17 model years. A 2017 is worth about $10,900, the median of 13 listings.
How much does mileage cut a Mitsubishi Lancer's value?
Among Lancers from the last eight model years, those with 40,000 to 100,000 miles ask a median $8,798, and those with over 150,000 miles ask $3,500.
Which Mitsubishi Lancer year is the best value?
The newest Lancer at under half the 2017 price is the 2015, with a median asking price of $3,997 (37% of it).
Is a Mitsubishi Lancer cheaper from a dealer or a private seller?
Usually from a private seller: for the same model year, dealers ask a median 40% more, across 3 recent model years in our listings.
Does the Lancer hold value better than the Toyota Corolla?
No: over 5 years the Lancer keeps 50% of its value and the Toyota Corolla 68%, by the median asking prices of the 2017 and 2012 model years.
Mark ForCar as a preferred source and our data shows up first in your Google results. One click, no account.