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United Kingdom market

Mitsubishi Lancer Evolution VIII

2003–2005

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  • Lowest price

    £20,500

    Since 2020

  • Median price

    £45,480

    Since 2020 · n=2

  • Highest price

    £70,460

    Since 2020

  • Sold cars

    2

    All time

  • Sell-through

    100%

    Of 2 lots

Mitsubishi Lancer Evolution VIII

Based on 2 verified auction results

HOLDAppreciatingmedium confidence

£16,691

Market value · recent verified sales

+14.5%

12-month change

Hold or Wait

Appreciating but pace slowing. Patient buyers may find better entry.

Median sold price up 14.5% over the last 12 months. Hold if owned; chasing the trend at peak carries risk.

MSRP

—

Collectibility

5/10

Collectible

3-Year Forecast

£22,941

+37%

5-Year Forecast

£25,470

+53%

Estimates pool 16 verified sales across Australia, United Kingdom, United States — cross-market prices FX-adjusted at Jul 2026 rates.

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Market scores

31

Desirability

Illiquid

10

Liquidity

Good

70

Resale Outlook

Option premiums

What every option is worth.

  • Built ≤ 2004

    −£2,558-15%

    13 with · 3 without · low confidence

Premiums compare the median price of sales with each option against comparable sales without it, mined from verified auction listings. Sales are pooled across markets on a relative-price basis, so exchange rates and market levels can't skew the split. Options interact in ways a one-at-a-time split can’t capture — treat each premium as directional rather than gospel.

Marque analyst note

The Mitsubishi Lancer Evolution VIII has climbed to a median value of £16,691 in the UK market, up 14.5 per cent year-on-year, signalling steady appreciation despite tight transaction volumes. With only two sales recorded over the past twelve months, the sample remains small but directionally consistent with a hold recommendation.

Liquidity conditions are markedly constrained, with zero active listings and minimal turnover tracked. This illiquid state suggests buyers willing to transact face limited supply, though sellers should expect extended holding periods and a narrow buyer base.

The Evo VIII occupies a stable modern classic classification with a collectibility score of 5, positioning it as a genuine collectible despite current desirability scoring as low. Production figures are not readily available in this dataset, but the model's Japanese market heritage and rally bloodline typically sustain long-term collector interest.

Condition and mileage data on transacted examples are not available from recent sales, making it difficult to establish norms for this cohort. Prospective buyers should scrutinise individual mechanical condition and service history closely given the model's performance engineering and age.

The base projection suggests the Evo VIII could reach £22,941 within three years—a 37.4 per cent gain—and £25,470 by year five, representing 52.6 per cent appreciation. This trajectory assumes continued gradual interest in Japanese performance cars and stability in the modified car segment, though the small transaction pool means forecasts carry medium confidence only.

Depreciation Benchmark

  • Current avg value£16,691
  • Annual appr. rate+14.5%/yr

Vehicle History Signals

  • Auction lots tracked17
  • Damage or salvage declared0 (0.0%)
  • No damage declared17 (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£45,480
  • Avg Mileage at Sale—
  • Recent Price Range£20,500 – £70,460
  • Total Sales Tracked2

Recent sales

  • £70,460

    the-market · 9 Sept 2025

  • £20,500

    Collecting Cars · 9 Oct 2024

Common questions

What is a Mitsubishi Lancer Evolution VIII worth in 2026?

The current United Kingdom market median is £16,691, based on 16 verified auction sales. Recent sales ranged from £20,500 to £70,460.

Is the Mitsubishi Lancer Evolution VIII going up in value?

Over the last 12 months its United Kingdom median moved +14.5%. Past movement is not a guarantee of future value.

How many Mitsubishi Lancer Evolution VIIIs 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.