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Year | Vehicle Depreciation* | Resale Value | Trade-In Value | ||
---|---|---|---|---|---|
2022 | $135 | $11,746 | $9,636 | ||
2023 | $1,407 | $10,339 | $8,201 | ||
2024 | + $68 | $10,407 | $8,491 | ||
Now | $2,744 | $7,663 | $5,269 |
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2-Year Forecasted Depreciation
*Depreciation for the last 12 months of the private party resale value.
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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Curb Weight | 3043 lbs. | ||
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EPA Passenger | 92.0 cu.ft. | ||
EPA Total Interior | 104.3 cu.ft. | ||
Fuel Capacity | 15.5 gallons | ||
Front Head Room | 38.5 inches | ||
Front Leg Room | 42.3 inches | ||
Max Seating Capacity | 5 | ||
Minimum Ground Clearance | 5.8 inches | ||
Overall Length | 182.1 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 | ||
Width with mirrors | 69.4 inches |
Alloy Wheels | Available | ||
---|---|---|---|
Fog Lights | Available | ||
Moon Roof/Sun Roof | Available | ||
Number of Doors | 4 doors | ||
Rear Spoiler | Available |
City | 24 mpg | ||
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Highway | 31 mpg | ||
Combined | 26 mpg |
Drivetrain | FWD | ||
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Transmission Type | Automatic | ||
Recommended Fuel | Regular |
Horsepower | 168 @ 6000 RPM | ||
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Torque | 167 @ 4100 rpm | ||
Engine | 4-Cyl, 2.4 Liter |
Basic | 5 years / 60000 miles | ||
---|---|---|---|
Powertrain | 10 years / 100000 miles | ||
Corrosion | 7 years / 100000 miles |
A rational choice for a rational buyer on a moderate budget, the 2016 Lancer is a nice-driving compact 4-door sedan that offers lots of value for the money, a generous assortment of standard safety features and what Mitsubishi says is industry-leading warranty coverage. That’s a lot of automotive peace-of-mind.
While the 2016 Mitsubishi Lancer is a perfectly acceptable compact 4-door sedan offering a decent value, those looking for more inspiring motoring will likely gravitate elsewhere. There are certainly choices that will stand out in the crowd or do a better job at quickening the pulse.