Mitsubishi Lancer Evolution IV

The Mitsubishi Lancer Evolution IV is trading at a median of AUD $24,125 in the Australian market, where it carries a highly collectible classification with a score of 7 out of 10. With only 9,000 units produced globally, this fourth-generation Evolution remains a relatively scarce model among Japanese performance cars.

The sample size tracking this model is extremely limited—just two transactions recorded over the past 12 months—which reflects the illiquid nature of the market for this particular generation. This thinness in transaction data means pricing signals are unreliable and any single sale can skew observed valuations significantly.

The Lancer Evolution IV is classified as an appreciating classic, positioning it within a growing segment of 1990s Japanese performance machinery that has gained collector attention over the past decade. Moderate desirability relative to earlier Evolution generations and the legendary Evo VI suggests demand exists but remains selective among buyers focused on this era.

The complete absence of active listings in the current Australian market underscores the illiquidity challenge: buyers seeking this model face extended search periods, while sellers have limited real-time pricing discovery. The rarity of transactions makes it difficult to assess condition norms or typical mileage ranges for examples in circulation.

Without sufficient transaction history or forward-looking data, trend projections over the next three to five years cannot be reliably constructed from this dataset. Future pricing will likely depend on broader JDM market momentum and whether collector interest in fourth-generation Evolutions continues to strengthen.