Compact Sedan · what it costs new, what it’s worth used, and who has one near you.
The 2012 Mitsubishi Lancer is a compact sedan we track across the used market in Canada. It comes in gas (12.5 L/100 km) and hybrid (7.8 L/100 km) forms, so the main choice is fuel — the hybrid earns its premium back over enough kilometres. A 21-year-old one keeps roughly 183% of a current model's market price — what actually matters over five years of ownership.
The view no marketplace shows you
Typical payment
$104/mo $2
Typical asking price
$5,899 $91
Fuel economy & range: Natural Resources Canada (Open Government Licence — Canada). Safety recalls & owner-reported complaints: US National Highway Traffic Safety Administration (public domain); complaint shares are a relative signal, not a failure rate. Prices, payments, depreciation, listing counts and dealer inventory: Conquest market data; payment estimates use market-average terms and are not an offer of credit. Independent service — not affiliated with or endorsed by Mitsubishi.
Gas — combined
12.5L/100 km
Hybrid — combined
7.8L/100 km
Fuel / year (20k km)
$4,450
Hybrid saves
$1,673/yr
Typical figures. See what it costs for your commute.
Median market price by vehicle age
Same data pipeline, every rival — tap to open its page
Owner-reported problems and open safety recalls
Most-reported problems
Across 19 owner complaints filed on the 2012 Mitsubishi Lancer
Share of complaints naming each system — a signal of what owners report most on this model, not a failure rate. The denominator is people who filed a complaint, not every owner. Complaints are filed with the US regulator; the same models are sold in Canada.
Safety recalls
1 campaign issued by the manufacturer
Engine and Engine Cooling · Engine · Gasoline · Belts and Associated Pulleys
Mitsubishi Motors North America, Inc. (MMNA) is recalling certain 2009-2012 Lancer, 2008-2012 Outlander, 2010-2012 Lancer Sportback, and 2011-2012 Outlander Sport vehicles equipped with either a 4B11 or 4B12 engine. The drive belt automatic tensioner flange may crack, allowing the accessory drive belt to detach.
Campaign 18V069000
Recall campaigns are manufacturer-issued and fixed free of charge. This is the US campaign set matched by year, make and model — it is not a check against a specific VIN, and Canadian campaigns may differ.