Fifth generation

Production	1991–1995
Body style(s)	2-door coupe (Mirage based) 4-door sedan 5-door station wagon
Layout	Front engine, front-/four-wheel drive
Platform	CB2A–CB4A-CD9A
Engine(s)	1.3 L SOHC I4 1.5 L SOHC I4 1.5 L DOHC I4 1.6 L SOHC I4 1.6 L DOHC MIVEC I4 1.6 L DOHC V6 1.8 L SOHC I4 1.8 L DOHC I4 1.8 L DOHC Turbo I4 2.0 L SOHC I4 Turbo Diesel
Transmission(s)	3-speed automatic 4-speed automatic 5-speed manual
Wheelbase	2,500 mm (98.4 in) (sedan) 2,440 mm (96.1 in) (coupe)
Related	Mitsubishi Lancer Evolution Mitsubishi Carisma Mitsubishi Mirage Mitsubishi Chariot/Space Wagon/Expo Dodge/Plymouth Colt Eagle Summit Eagle Vista Proton Wira

It was only in 1991 that there was greater differentiation between the Mirage and Lancer. Although both were on the same platform, the Lancer sedan received different sheetmetal from the Mirage four-door. The Mirage variant was sold in North America under the Eagle Summit name. Minivan models, such as the Mitsubishi Space Runner and Mitsubishi Chariot, were mechanically related. In 1993, the Lancer wagon, named the Libero in Japan, was launched. An electric version was also released named the Libero EV that ran on NiCd batteries. A V6 variant was also introduced with only 1.6 L, making it the smallest mass-produced V6. The high-performance, turbocharged GSR version formed the basis of the contemporary Lancer Evolution (or 'Lancer Evo') from September 1993, using the drivetrain of the successful Galant VR-4 rally car.
The Mirage Asti Coupé in Japan was offered as the Lancer Coupé in many export markets.
The fifth generation Lancer was rebadged as the Proton Wira sedan and 5-door hatchback models in Malaysia in 1993 with 1.3, 1.5, 1.6 and 1.8 L engine capacities. A short-lived 2.0 L diesel model was also available. Currently, the car has stopped production as one of the longest running Proton models in Malaysia after Proton Saga, which is also based on a previous Lancer model. The Proton Wira was recently replaced by Proton's latest model, the Proton Persona.

Australia (1992–1996)

In Australia, this generation was officially referred to as the CC series.^[5] It was sold as a 2-door coupe, as well as a 4-door sedan, wagon and 5-door hatchback (essentially carried over from the previous generation). The GL trim model was the last Lancer to use a carburetor internal combustion engine. The rest of the range used an electronic fuel injection engine. This generation was sold until 1996, when it was replaced by the popular CE series model.

• GL - 2-door coupe, 4-door sedan and station wagon. Powered by a 1.5 L engine (67 kW)
• GLXi - 2-door coupe, 4-door sedan and wagon. Powered by a 1.8 L engine (4G93 SOHC - 86 kW) (sold from new with 1.8 instead of 1.6 variant, due to Australia's poor quality "91 octane" fuel)
• Executive - 4-door sedan and wagon. Powered by a 1.8 L engine (4G93 SOHC - 86 kW)
• GSR - 4-door sedan. Powered by a turbocharged 1.8 L engine (4G93t DOHC - 141 kW)

Philippines (1993-1996)

Described as Lancer egg (also known as Lancer hotdog type), because of the shape of its body and its rear signal light.

• EL - 4-door sedan and no tachometer. Powered by a 1.3 L Cyclone Variable Venturi carbureted engine (4G13 SOHC) (59 kW) (Note: if E10 shall be used, consult manufacturer first)
• GLi - 4-door sedan. Powered by a 1.5 L Cyclone ECI-Multi engine (4G15 SOHC) (66 kW)
• GLXi - 4-door sedan. Powered by a 1.6 L Cyclone ECI-Multi engine (4G92 SOHC) (86 kW)
• EX - 4-door sedan. Same specifications as the EL, and released in 1996.

Europe (1992–1996)

• GLi - 4-door sedan and wagon. Powered by a 1.3 L ECI-Multi engine (4G13 SOHC) (55 kW) or 1.6 L ECI-Multi engine (4G92 SOHC) (83 kW)
• GLXi - 4-door sedan and wagon. FWD or AWD. Powered by a 1.6 L ECI-Multi engine (4G92 SOHC) (83 kW)
• GLX - 4-door sedan and wagon. Powered by a 2.0 L Diesel engine (4D68)
• GTI -(gera from over there) 4-door sedan. Powered by a 1.8 L ECI-Multi engine (4G93 DOHC) (103 kW)
• GSR - 4-door sedan. Powered by a 1.8 L ECI-Multi turbo-charged engine (4G93 DOHC turbo) (150 kW)

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Latin America (1993–1997)

• GL - 4-door sedan. FWD. Powered by a 1.3 L carburated engine (4G13 SOHC) (58 kW)
• GLX - 4-door sedan. FWD. Powered by a 1.5 L carburated engine (4G15 SOHC) (65 kW)
• GLXi - 4-door sedan. FWD. Powered by a 1.6 L ECI-Multi engine (4G92 SOHC) (84 kW)