Mitsubishi Lancer Evolution V

The Mitsubishi Lancer Evolution V has declined sharply, trading at a median of US$21,754 in the tracked period—a 16.4 percent drop year-over-year that signals deteriorating sentiment in an already thin market. With only one recorded sale in twelve months, the sample size is too small to support high confidence in current valuation, though the downward momentum is clear.

Market liquidity for the Evolution V is severely constrained, with zero active listings at the time of survey and minimal transaction flow. This illiquidity means buyers face long search windows and sellers may need patience to secure matching interest, typical of niche Japanese performance cars in the US market.

The Evolution V carries a collectibility score of 7 out of 10 and remains classified as appreciating classic stock, yet current desirability is marked as low. Production was limited to approximately 6,000 units globally, which ordinarily supports collector appeal; however, US import penetration for this generation remains shallow, and condition variance across aging examples in miles-heavy use is substantial.

Transacted examples average around 96,700 miles, placing most surviving cars well into their second life with corresponding service histories that buyers increasingly scrutinize. The spread between low- and high-mileage examples likely widens asking prices significantly, though transaction data cannot yet confirm this.

The three-year projection stands at US$14,939—a further 31.3 percent decline from current levels—with five-year forecasts settling around US$13,306, or 38.8 percent below today's median. These base-case trajectories reflect ongoing depreciation pressure as the model ages into its third decade and import enthusiast demand remains modest relative to supply.