Mitsubishi Lancer Evolution V

The Mitsubishi Lancer Evolution V has dropped to a median of $32,960 AUD, down 16.4% over the past twelve months, signalling headwinds in an otherwise appreciating classic segment. With only two sales tracked in the period, conviction remains low, but the directional signal is decidedly bearish.

Production volume of 6,000 units positions the Evolution V as a limited-production icon with solid foundational collectibility credentials—classified as highly collectible with a score of 7. However, moderate desirability and illiquid market conditions have created a mismatch between supply scarcity and active buyer demand, evident in the current absence of active listings.

The Australian market for this model is essentially frozen, with just two transactions recorded over twelve months. This extreme illiquidity makes both entry and exit difficult and price discovery unreliable, leaving prospective buyers and sellers with minimal trading data to anchor decisions.

Base-case projections show further depreciation ahead, with values expected to fall to $22,635 (down 31.3%) over three years and $20,161 (down 38.8%) by year five. These declines suggest the current market is still adjusting toward equilibrium, though the low-confidence rating reflects the thin transaction sample underlying these forecasts.

The combination of depreciating status, illiquid conditions, and negative near-term outlook argues for caution. Sellers should consider the current environment unfavourable; buyers willing to hold long-term may find better entry points as the market stabilises, but near-term downside risk remains material.