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2012 Mitsubishi Lancer

Used 2012 Mitsubishi Lancer

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2017
2012
Fuel Economy
19 - 29 combined mpg
Horsepower
148 - 291 hp
Engine
3 engines available
Engine Options
  • 4-Cyl, 2.0 Liter
  • 4-Cyl, 2.4 Liter
  • 4-Cyl, Turbo, 2.0 Liter
Cargo Volume
6.9 - 46.6 cu ft
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2012 Mitsubishi Lancer Review

KBB Editors

By KBB Editors

Updated December 23, 2019

Our editors drive and evaluate hundreds of new cars every single year, turning thousands of miles and countless hours behind the wheel into helpful reviews, ratings, and comparisons. They also have lives outside of work, or so they think. You’d be surprised what you can learn by hauling a dirt bike, hunting for a wayward sippy cup, or just packing the trunk full of groceries.

Pros

If you are looking for a sleek, sharp-handling compact car with a comprehensive warranty, you’ll find the Mitsubishi Lancer worth a look.

Cons

While the Lancer’s sub-$16,000 starting price may appear attractive at first glance, value-driven buyers may favor the equally priced Hyundai Elantra and Kia Rio for their additional standard features and superior fuel economy.

What's New?

For 2012, Mitsubishi introduces a new SE trim with standard all-wheel drive (AWD), heated seats and outside mirrors, a continuously variable automatic transmission, and the GT model’s more powerful 2.4-liter engine. Additionally, the Lancer Sportback no longer offers a manual transmission and drops the performance-based Ralliart edition from the lineup.

The 2012 Mitsubishi Lancer sedans and Sportback wagon are perhaps the sportiest cars in the profoundly competitive compact-car segment. While there are plenty of more-fuel-efficient choices in the category, few can match the vibrant driving experience and diverse model range provided by the Lancer. From the basic ES sedan to the versatile 5-door Sportback to the high-performance Evolution variant, the Mitsubishi Lancer is an enticing carrot for compact-car shoppers searching for something practical that also looks and handles like a sports car.

2012 Mitsubishi Lancer Pricing

2012 Mitsubishi Lancer pricing starts at $6,286 for the Lancer DE Sedan 4D, which had a starting MSRP of $16,490 when new. The range-topping 2012 Lancer Evolution MR Sedan 4D starts at $16,197 today, originally priced from $38,490.

Original MSRP
KBB Fair Purchase Price (national avg.)
$16,490
$6,286
$18,290
$5,402
$19,690
$6,335
$20,640
$5,384
$20,990
$5,882
$22,735
$7,283
$29,385
$9,550
$35,290
$17,981
$38,490
$16,197

The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors. The prices here reflect what buyers are currently paying for used 2012 Mitsubishi Lancer models in typical condition when purchasing from a dealership. These prices are updated weekly.

Driving the Mitsubishi Lancer

In order to make a small car ride as well as it handles, engineers must sometimes manhandle the laws of physics. Judging by our test drive in the Lancer GT model, it would appear the engineers have won the battle. On twisting mountain roads, we were impressed by the GT’s composure, as well as its tenacious ability to cling to the pavement. When not tearing through unpopulated mountain passes, we found the smooth and less noisy ES trim to be far more compatible with daily driving needs. Although the ES’ cabin is less raucous than in the GT, it still let’s in a fair amount of wind and engine noise.

Interior Comfort

Despite its aggressive and modern styling, the Lancer’s sleek exterior design, unfortunately, does not carry into the cabin. The interior’s stale design and its abundance of hard, cheap plastics are the Achilles’ heel of the Lancer. Taller drivers will find the seating position uncomfortable due to the Lancer’s lack of a telescoping steering wheel and the minimal thigh support provided by the short seat bottom. The GT and Ralliart trims feature the most appealing interior, with a leather-wrapped steering wheel and shift knob, deeply bolstered front seats, chrome interior door handles, and high-contrast gauge faces. Rear-seat legroom is surprisingly generous, and the Sportback’s flexible configuration delivers an impressive 52.7 cubic feet of cargo space – comparable to many small SUVs.

Exterior Styling

The 2012 Mitsubishi Lancer separates itself from the mundane designs of traditional compact cars with its bold stance, aggressive snout and rally car inspired styling. Mitsubishi says the massive front grille was inspired by the air intakes found on high-tech fighter jets – the same source of inspiration behind the Lamborghini Reventon. The base DE model rolls on 16-inch steel wheels while the ES/SE and GT/Ralliart models wear 16-inch and 18-inch alloys, respectively. Chrome accents, color-keyed body pieces and exterior features vary by trim level, successively growing nicer as the dollar signs move upward.

Favorite Features

Voice-Activated HDD Navigation
The Lancer’s hard drive-based navigation system responds more quickly than traditional DVD-based units. It also features Mitsubishi’s new FUSE voice-recognition software for simple multimedia commands.

Keyless Entry and Start
The available FAST-Key system lets you lock, unlock and start the Lancer without ever removing the key fob from your pocket or bag.

Standard Features

Since the base DE trim lacks the essential creature comforts one would expect from a $16,000 vehicle, we’d recommend taking a step up to the ES, as it adds air conditioning, power door locks, steering-wheel-mounted controls, an auxiliary audio input jack for portable music players and remote keyless entry. Designed for the Snowbelt states, the SE model adds all-wheel drive, a more powerful 2.4-liter engine and heated seats to the mix. GT models gain 18-inch alloy wheels, a sport-tuned suspension, automatic climate control, FUSE voice-recognition software with Bluetooth hands-free phone capability, a USB port for MP3 players, and sport seats. The Ralliart boasts a 237-horsepower turbocharged engine, all-wheel drive and a 6-speed twin-clutch Sportronic Shift automatic transmission. The high-performance Lancer Evolution features a 291-horsepower turbocharged engine with all-wheel drive, large Brembo brakes and Recaro racing-style front seats.

Factory Options

Some of the Lancer’s most desirable options are a hard-drive navigation system and the Deluxe Package which includes FAST Key keyless entry and start, a 710-Watt Rockford-Fosgate audio system with a USB port, FUSE voice-recognition and a sunroof. A continuously variable transmission (CVT) serves as the automatic transmission option for the workaday Lancers, while a twin-clutch Sportronic Shift automatic is available for the Evolution.

Engine & Transmission

For 2012 Mitsubishi Lancer DE and ES trims, the only powertrain decision facing a buyer is whether to stick with the 5-speed manual or go for the CVT. The SE and GT trims, however, get a more robust 168-horsepower 2.4-liter engine, which shows noticeable improvements over the outdated 2.0-liter in the areas of vibration and low-end torque. The CVT-equipped GTS model includes steering-wheel-mounted paddle shifters. The Ralliart trim gains a turbocharged 2.0-liter engine good for 237 horsepower, while the Evolution model whips out 291 horsepower and 300 lb-ft of torque.

2.0-liter inline-4
148 horsepower @ 6,000 rpm
146 lb-ft of torque @ 4,200 rpm (Sportback: 145 lb-ft of torque @ 4,200 rpm)
EPA city/highway fuel economy: 25/34 mpg (manual), 26/34 mpg (automatic), 24/32 mpg (Sportback)

2.4-liter inline-4
168 horsepower @ 6,000 rpm
167 lb-ft of torque @ 4,100 rpm
EPA city/highway fuel economy: 22/31 mpg (manual), 23/30 mpg (automatic), 22/29 mpg (Sportback)

2.0-liter turbocharged inline-4
237 horsepower @ 6,000 rpm
253 lb-ft of torque @ 2,500-4,750 rpm
EPA city/highway fuel economy: 18/25 mpg

2.0-liter turbocharged inline-4
291 horsepower @ 6,500 rpm
300 lb-ft of torque @ 3,000 rpm
EPA city/highway fuel economy: 17/23 mpg (manual), 17/22 mpg (automatic)


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2012 Mitsubishi Lancer
KBB.com Consumer Reviews

4.5
Consumer Rating
Based on 375 Consumer Reviews
Write a Review
90%Recommend this vehicle
5
67%
5
67%
4
25%
4
25%
3
5%
3
5%
2
2%
2
2%
1
2%
1
2%
Value
4.6
Performance
4.6
Quality
4.5
Comfort
4.5
Reliability
4.7
Styling
4.6

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2012 Mitsubishi Lancer Styles

Style
Price
Combined Fuel Economy
Horsepower
Engine
Cargo Capacity
Torque
Curb Weight
ES Sedan 4D
$5,402
29 MPG
148 @ 6000 RPM
4-Cyl, 2.0 Liter
12.3 cu ft
146 lb-ft
2866 lbs
GT Sedan 4D
$5,384
26 MPG
168 @ 6000 RPM
4-Cyl, 2.4 Liter
12.3 cu ft
167 lb-ft
2933 lbs
SE Sedan 4D
$5,882
25 MPG
168 @ 6000 RPM
4-Cyl, 2.4 Liter
12.3 cu ft
167 lb-ft
3120 lbs
DE Sedan 4D
$6,286
28 MPG
148 @ 6000 RPM
4-Cyl, 2.0 Liter
12.3 cu ft
146 lb-ft
2866 lbs
Ralliart Sedan 4D
$9,550
20 MPG
237 @ 6000 RPM
4-Cyl, Turbo, 2.0 Liter
10 cu ft
253 lb-ft
3461 lbs
Evolution MR Sedan 4D
$16,197
19 MPG
291 @ 6500 RPM
4-Cyl, Turbo, 2.0 Liter
6.9 cu ft
300 lb-ft
3572 lbs
Evolution GSR Sedan 4D
$17,981
19 MPG
291 @ 6500 RPM
4-Cyl, Turbo, 2.0 Liter
6.9 cu ft
300 lb-ft
3517 lbs
See Full Specs for All 2012 Mitsubishi Lancer Styles
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2012 Mitsubishi Lancer Depreciation

A 2012 Mitsubishi Lancer has depreciated $1,875 or 31% in the last 3 years and has a current resale value of $4,166 and trade-in value of $1,963.

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2012 Mitsubishi Lancer
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2012 Mitsubishi Lancer Annual Depreciation

Year
Vehicle Depreciation*
Resale Value
Trade-In Value
2022
$58
$6,041
$4,085
2023
$527
$5,514
$3,424
2024
$844
$4,670
$2,396
Now
$504
$4,166
$1,963
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2-Year Forecasted Depreciation

*Depreciation for the last 12 months of the private party resale value.

2012 Mitsubishi Lancer Depreciation

Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.


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Specifications

Dimensions, Weights & Capacities

Curb Weight
2866 lbs.
EPA Passenger
93.5 cu.ft.
EPA Total Interior
105.8 cu.ft.
Fuel Capacity
15.3 gallons
Front Head Room
39.6 inches
Front Leg Room
42.3 inches
Max Seating Capacity
5
Minimum Ground Clearance
5.5 inches
Overall Length
180.0 inches
Front Shoulder Room
54.7 inches
Trunk or Cargo Capacity
12.3 cu.ft.
Turning Diameter
32.8 feet
Wheel Base
103.7 inches
Gross Vehicle Weight Rating (GVWR)
4079 lbs.
Width with mirrors
69.4 inches

Exterior

Alloy Wheels
Available
Fog Lights
Available
Moon Roof/Sun Roof
Available
Number of Doors
4 doors
Rear Spoiler
Available

Fuel Economy

City
26 mpg
Highway
34 mpg
Combined
29 mpg

Mechanical

Drivetrain
FWD
Transmission Type
Automatic
Recommended Fuel
Regular

Performance

Horsepower
148 @ 6000 RPM
Torque
146 @ 4200 rpm
Engine
4-Cyl, 2.0 Liter

Warranty

Basic
5 years / 60000 miles
Powertrain
10 years / 100000 miles
Corrosion
7 years / 100000 miles

Comfort & Convenience

  • Remote Control Liftgate/Trunk Release

Entertainment

  • MP3 Player
  • Satellite Radio
  • CD Player

Interior

  • Leather-Wrapped Steering Wheel
  • Power Windows
  • Rear Window Defroster
  • Power Outlet
  • Steering Wheel Controls
  • Tilt Steering Wheel

Seating

  • Folding Rear Seat
  • Cloth Seats

Security

  • Alarm System

Technology

  • Cruise Control
  • Hands Free Phone
  • Navigation System
  • Remote Keyless Entry
  • Proximity Sensing Keyless Entry
  • Remote Engine Start
  • USB Port
  • Real-Time Traffic Information

2012 Mitsubishi Lancer Safety

2012 Mitsubishi Lancer Safety Technology

  • Child Door Locks
  • Child Seat Anchors
  • Driver Airbag
  • Passenger Airbag
  • Stability Control
  • Traction Control
  • Driver Knee Airbag
  • Front Head Curtain Airbag
  • Front Side Airbag
  • Rear Head Curtain Airbag
  • Rear Parking Sensors
4.0

Crash Test Rating

Provided by the National Highway Traffic Safety Administration
Frontal Crash
4.0
Side Barrier
4.0
Rollover Rating
4.0
Side Crash
4.0

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See Details
Price
$5,402
$4,980
$4,610
$5,046
KBB.com Rating
2.9
3.8
4.5
4.1
Consumer Rating
4.5
4.2
4.0
4.5
Fuel Economy
City 26/Hwy 34/Comb 29 MPG
City 25/Hwy 36/Comb 29 MPG
City 25/Hwy 35/Comb 28 MPG
City 22/Hwy 31/Comb 25 MPG
Fuel Type
Gas
Gas
Gas
Gas
Safety Rating
4.0
5.0
5.0
5.0
Seating Capacity5555
Basic Warranty
5 years or 60000 miles
3 years or 36000 miles
3 years or 36000 miles
3 years or 36000 miles
Horsepower
148 @ 6000 RPM
160 @ 6400 RPM
138 @ 6300 RPM
N/A
Engine
4-Cyl, 2.0 Liter
4-Cyl, Tigershark, 2.0L
4-Cyl, 1.8 Liter
5-Cyl, PZEV, 2.5 Liter
Drivetrain
FWD
FWD
FWD
FWD

2012 Mitsubishi Lancer Rankings

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FAQs

What is the MPG for a 2012 Mitsubishi Lancer?

2012 Mitsubishi Lancer city/highway fuel economy ratings range from 17/22 mpg to 26/34 mpg, depending on trim and equipment.

How much should a 2012 Mitsubishi Lancer cost?

Used 2012 Mitsubishi Lancer prices currently range from $5,402 for the GT Sedan 4D to $17,981 for the Evolution GSR Sedan 4D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.

What's the cheapest Mitsubishi Lancer?

The cheapest 2012 Mitsubishi Lancer is the GT Sedan 4D, with a Kelley Blue Book Fair Purchase Price of $5,402.

Is the 2012 Mitsubishi Lancer reliable?

The 2012 Mitsubishi Lancer is part of the 2nd-generation Lancer, which our owners give an above-average reliability rating of 4.7 out of 5.

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