Mitsubishi Lancer Evolution V
1998–1999
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

Based on 3 verified auction results
£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%)
Est. Annual Ownership Costs
- Insurance (agreed value)£450
- Maintenance£900
- Storage£2,400
- Depreciation— (appreciating)
- Total annual cost£3,750
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
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.