Marque
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United Kingdom market

Mitsubishi Pajero Evolution

1997–2000

Mitsubishi Pajero Evolution

Based on 6 verified auction results

No signal yet

Market value · recent verified sales

Price History

Sept 2023Today

MSRP

Collectibility

8/10

Highly Collectible

3-Year Forecast

£0

+11%

5-Year Forecast

£0

+15%

Market scores

30

Desirability

Illiquid

10

Liquidity

Moderate

50

Resale Outlook

Marque analyst note

The Mitsubishi Pajero Evolution remains one of the rarest entries in the UK classic market, with only 2,693 units produced globally. Its highly collectible status reflects the model's rally heritage and distinctive position within Mitsubishi's lineup, though current market desirability remains constrained by limited buyer awareness in this market.

Liquidity is severely restricted, with just six tracked sales across our entire dataset and no active listings currently recorded. This thin transaction volume makes price discovery difficult and means buyers should expect extended search timelines and limited negotiating leverage when stock does emerge.

The scarcity of available data—zero sales in the past 12 months—prevents reliable year-on-year pricing assessment. Until more examples trade hands in the UK market, establishing a confident median valuation remains premature, though the model's rally pedigree and low production volume support its appreciating classic classification.

Looking ahead, the base case suggests appreciation of 11.3 percent over three years and 15.2 percent over five years. This modest but steady projection reflects underlying rarity and enthusiast demand, though realisation depends on broader market interest in Japanese classics continuing to expand.

Prospective buyers should view the Pajero Evolution as a specialist acquisition rather than a liquid holding. The combination of extreme scarcity, negligible local transaction history, and low current desirability means ownership suits those with patience and genuine mechanical sympathy for the marque.

Depreciation Benchmark

  • Segment average+3.0 to +9.5%/yr

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.

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Market Liquidity

  • Active Listings0
  • Sales Last 12 Months2
  • Sell-Through33%

Market Snapshot

  • Active Listings0
  • Avg Sale Price£20,934
  • Avg Mileage at Sale
  • Recent Price Range
  • Total Sales Tracked6

Recent sales

Showing latest 6
  • £22,500

    Collecting Cars · 25 Nov 2025

  • £26,750

    Collecting Cars · 22 Jul 2025

  • £32,250

    Collecting Cars · 6 Jan 2025

  • £20,101

    Collecting Cars · 25 Mar 2024

  • £24,000

    Collecting Cars · 11 Oct 2023

  • £0

    Collecting Cars · 8 Sept 2023

Indicative only — not investment advice. Past performance is not a reliable indicator of future value.