Mitsubishi Lancer Ralliart will be priced below $27,000

The new Lancer Ralliart will go on sale this fall at a price below $27,000. A fully equipped model will go up to $30,000.

The Ralliart is powered by a turbocharged 2.0-liter four cylinder engine that delivers 237 hp and 253 lb-ft of torque, and retains some of the driving characteristics of the speedy Evo. Both also share the twin-clutch SST transmission, which comes with paddle shifters.

Available equipment and options to include: Recaro seats, HID headlights, 650-watt Rockford Fosgate 9-speaker audio system, Sirius satellite radio, power sunroof, and a 30-gigabyte hard drive navigation system with digital music server.