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The Lancer ES is the most popular model due to its competitive pricing and generous amount of standard equipment. It comes standard with a 120 hp 2.0-liter four-cylinder engine mated to a five-speed manual gearbox or a four-speed automatic. The O-Z Rally Lancer wears sporty body work inspired by the Lancer WRC race cars. The Ralliart sedan is powered by a 2.4-liter engine with MIVEC variable valve timing. The Ralliart comes standard with a five-speed manual with a short-throw shifter or four-speed automatic. Three models of the Lancer Evolution are available, the Evo RS, Evo VIII, and Evo MR. All come with a 271-horsepower turbocharged engine, four-wheel drive and a sports suspension. Practically ready to race, the Evos benefit from stiffened body structures. The MR Edition adds a six-speed close-ratio gearbox, 17-inch BBS forged wheels and other features.
New for 2005 is an Evo MR named after the home-market club racing sedan Mitsubishi introduced in 1970.