Mitsubishi Lancer Evolution V

The Mitsubishi Lancer Evolution V has declined sharply over the past twelve months, with the median price falling to £15,718—a drop of 16.4 percent year-on-year. This downward pressure contradicts its classification as an appreciating classic and signals weakness in a segment that should be holding value more steadily.

Liquidity remains thin, with only three recorded sales over the trailing twelve months across the entire UK market. The absence of active listings reinforces how scarce these cars are in transaction flow, which typically suggests either strong collector demand or minimal interest; in this case, the price trajectory indicates the latter is more likely.

The Lancer Evolution V sits in highly collectible territory with a score of 7, backed by a production run of 6,000 units that places it squarely in the appreciating-classic bracket. Yet modest desirability scores and the recent depreciation suggest the market has cooled on the model, possibly due to condition variance or shifting collector preferences toward other Japanese performance icons.

The outlook is cautious over both the three and five-year windows. Base projections estimate a further 31.3 percent decline by year three and 38.8 percent by year five, bringing the median toward £9,615. These forecasts carry low confidence given the small sample size, but they reflect the negative momentum and thin trading depth that currently characterizes the market.

Sellers face headwinds and should not expect upside from holding; the SELL signal reflects both recent downward moves and weak forward expectations. Prospective buyers with patience may find opportunities at lower entry points, though the thin liquidity means deals will be sporadic and pricing opaque without regular comps to anchor offers.