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Mitsubishi - Lancer (1994)
The Mitsubishi Lancer has long been a staple of the compact‑car world, and the 1994 model in particular continues to attract attention from seasoned collectors and everyday drivers alike. Even though the Mitsubishi Lancer price varies by region, mileage, and condition, the 1994 iteration remains one of the most affordable options for those looking to own a piece of automotive history without breaking the bank.
- Engine: 1.8 L SOHC 4‑valve inline‑four, producing 115 hp and 112 lb‑ft of torque.
- Transmission: 5‑speed manual (available with a 4‑speed automatic in higher trims).
- Fuel Type: Petrol (gasoline).
- Drive: Front‑wheel drive.
- Dimensions: Length ≈ 167 in, width ≈ 69 in, height ≈ 56 in.
- Wheelbase: 102.9 in.
- Interior: Cloth seats, 4‑point seat belts, manual climate control, optional power windows and locks.
- Powertrain: 1.8 L META (Mitsubishi Engine Technology for Automotive) engine with electronic fuel injection.
- Fuel Economy: Approximately 23 mpg city / 31 mpg highway.
- Safety: Standard ABS, front airbags, crumple zones, optional side‑air bags later in the model year.
- Warranty: No factory warranty; typically sold as a used vehicle with a standard 180‑day/3‑k mile checkup.
Depreciation Insight: The Mitsubishi Lancer depreciation pattern mirrors that of most entry‑level American and Japanese sedans. Generally, the first year sees a loss of about 15‑20% from its original MSRP, and the next few years see a slower decline of roughly 10‑12% annually. For a 1994 Lancer, this translates to an overall depreciation of 40‑45% over a 10‑year lifespan. Buyers can expect a fresh purchase to be about 60–65% of the original retail price after 10 years of normal use.
If you’re wondering “what is a 1994 Mitsubishi Lancer worth?” it depends on mileage, maintenance history, and regional demand. The baseline market price is roughly $2,500–$3,500 in the United States, but can shift up or down based on the vehicle’s condition and any restoration work. For those in Europe or Australia, prices can be slightly higher due to import fees and variations in model availability.
Comparison Context: While the 1994 Mitsubishi Lancer sits comfortably in the compact segment, it competes directly with the Honda Civic 1992‑1995, Nissan Sentra early‑90s, and early versions of the Toyota Corolla 1990‑1993. In head‑to‑head mpg comparisons, the
Last 20 car trackeds
| Last tracked date | Status | Price | Price rank | Link |
|---|---|---|---|---|
| 5 years ago | used | £18,950.00 | Unlock all links |