Mitsubishi Lancer Evolution V

The Mitsubishi Lancer Evolution V is currently trading at a median of $21,754 in the US market, down 16.4 percent year-over-year. The sell signal reflects recent weakness, though the limited transaction sample—just one sale in the past twelve months—means any trend should be treated with caution.

With only 6,000 production units globally, the Evolution V remains a scarce and highly collectible model. Desirability in the US market is presently low, which has constrained both buyer interest and price stability, a notable divergence from its fundamentals as a modern classic.

The average mileage on transacted examples sits at 96,700 miles, suggesting buyers are encountering mid-use cars rather than garage-kept specimens. At this mileage band, condition and service history likely matter more than for lower-mileage peers.

Liquidity is illiquid with zero active listings currently tracked, signaling a thin and sporadic seller base. The single recorded sale over twelve months underscores how infrequently these cars change hands; this makes pricing discovery difficult and widens bid-ask spreads for actual transactions.

The three-year projection shows a base case of $14,939, implying a 31.3 percent decline from current levels. Over five years, the model is forecast to settle near $13,306, a 38.8 percent erosion, driven by waning US demand for aging Japanese performance cars and the availability of newer alternatives in the market.