Mitsubishi Lancer Evolution V

The Mitsubishi Lancer Evolution V has fallen to a median of AUD $32,960 in the Australian market, down 16.4 percent over the past twelve months on a sample of just two transactions. This sharp decline runs counter to the car's classification as an appreciating classic, signaling meaningful headwinds in the segment.

With only two tracked sales in the past year and zero active listings, liquidity remains severely constrained. This thin transaction volume limits the reliability of any price signal and suggests buyers and sellers are operating in a largely disconnected market.

The Evolution V sits in a moderately desirable collectibility tier, anchored by a relatively modest production run of 6,000 units. Japanese performance icons of this era typically draw dedicated interest, but the current pricing trend suggests that appeal has not translated into sustained demand or bidding.

Base projections point to further deterioration, with the median expected to reach approximately AUD $22,635 within three years—a 31 percent decline from current levels—and AUD $20,161 within five years. These downside scenarios assume continued softening without a reversal in market appetite.

The combination of depreciating status, illiquid conditions, and negative momentum argues against holding positions in this model at current valuations. Owners or prospective buyers should approach with caution until transaction frequency stabilizes or broader collector-market tailwinds emerge.