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United Kingdom market

Mitsubishi Lancer Evolution V

1998–1999

Add to Garage
  • Lowest price

    £10,840

    Since 2020

  • Median price

    £15,718

    Since 2020 · n=3

  • Highest price

    £16,750

    Since 2020

  • Sold cars

    3

    All time

  • Sell-through

    100%

    Of 3 lots

Mitsubishi Lancer Evolution V

Based on 3 verified auction results

SELLDepreciatinglow confidence

£15,718

Market value · recent verified sales

-16.4%

12-month change

Wait or Sell

Prices declining. Sellers should consider acting; buyers should wait.

Median sold price down 16.4% over the last 12 months. Loss is likely to continue, especially for this segment.

MSRP

—

Collectibility

7/10

Highly Collectible

3-Year Forecast

£10,794

-31%

5-Year Forecast

£9,615

-39%

Estimates based on 3 verified United Kingdom sales.

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Market scores

44

Desirability

Thin

30

Liquidity

Poor

10

Resale Outlook

Marque analyst note

The Mitsubishi Lancer Evolution V is trading at a median of £15,718 in the UK market, down 16.4% over the past twelve months and carrying a sell signal. The weakness is notable given the model's standing as a highly collectible Japanese performance icon, though the sample size of just three tracked transactions over the year warrants cautious interpretation.

Classification as an appreciating classic sits uneasily with current price action and forward projections. The base three-year forecast suggests median values could compress to around £10,794, representing a further 31.3% decline from present levels, with five-year estimates pointing to £9,615 or a cumulative loss of 38.8% from today's prices.

With only three sales recorded over twelve months and zero active listings currently visible, liquidity remains severely constrained. This thinness creates both opportunity and risk: motivated sellers face difficulty achieving fair value, while buyers entering the market have minimal reference points for comparison.

The Lancer Evolution V benefits from modest production scarcity at 6,000 units and maintains strong collectibility credentials within enthusiast circles. Its Japanese provenance and rally heritage support long-term interest, though enthusiasm appears muted relative to other Evo generations, reflected in the moderate current desirability rating.

Near-term momentum tilts decisively negative. Given the thin transaction base, compressed liquidity, and bearish three-to-five year projections, holders would be prudent to monitor the market carefully rather than assume appreciation near term. Buyers should approach carefully until clearer price stabilisation emerges.

Depreciation Benchmark

  • Current avg value£15,718
  • Annual appr. rate-16.4%/yr
  • Segment average+3.0 to +9.5%/yr

Vehicle History Signals

  • Auction lots tracked6
  • Damage or salvage declared0 (0.0%)
  • No damage declared6 (100.0%)
No damage or salvage declarations found in the titles and descriptions of the auction lots we track for this model. That's a good sign, not a guarantee — always commission a professional inspection and history check before buying.

Est. Annual Ownership Costs

  • Insurance (agreed value)£450
  • Maintenance£900
  • Storage£2,400
  • Depreciation— (appreciating)
  • Total annual cost£3,750
This car has historically appreciated — carrying cost is offset by value growth, not eroded by depreciation.

Market Liquidity

  • Active Listings0
  • Sales Last 12 Months0
  • Sell-Through0%

Market Snapshot

  • Active Listings0
  • Avg Sale Price£14,436
  • Avg Mileage at Sale—
  • Recent Price Range£10,840 – £16,750
  • Total Sales Tracked3

Recent sales

  • £15,718

    the-market · 12 Jun 2025

  • £10,840

    the-market · 12 Nov 2024

  • £16,750

    Collecting Cars · 12 Nov 2023

Common questions

What is a Mitsubishi Lancer Evolution V worth in 2026?

The current United Kingdom market median is £15,718, based on 3 verified auction sales. Recent sales ranged from £10,840 to £16,750.

Is the Mitsubishi Lancer Evolution V going up in value?

Over the last 12 months its United Kingdom median moved -16.4%. Past movement is not a guarantee of future value.

How many Mitsubishi Lancer Evolution Vs are for sale right now?

No live auction listings tracked right now — new lots are swept in several times a day, and you can follow the model to be notified.

Indicative only — not investment advice. Past performance is not a reliable indicator of future value.