Mitsubishi Lancer

The Mitsubishi Lancer nameplate covers everything from basic economy sedans to world-beating rally legends. Collector interest is almost exclusively centered on the high-performance 'Evolution' models, which were built to homologate Mitsubishi's rally cars. With 10 distinct generations, the Lancer Evolution cemented its icon status with 4 consecutive World Rally Championships from 1996-1999, creating a legendary rivalry with the Subaru WRX STI that defined a generation of all-wheel drive performance.

Evolutions are sought after for their raw driving experience and incredible tuning potential, especially models with the venerable 4G63T engine. The Evo VIII and IX are often considered the pinnacle of the platform, combining aggressive looks with sophisticated all-wheel drive systems like Active Yaw Control (AYC). The final Evo X introduced the new 4B11T engine and an optional dual-clutch transmission, offering a more modern take on the formula.

The market reflects the huge gulf between standard Lancers and coveted Evolution models. While base cars are inexpensive, values for pristine, low-mileage Evos, particularly special editions like the Tommi Mäkinen Edition or Final Edition, have soared. With 378 recent sales and an average price over $32,000, it's clear the demand for well-kept examples is very strong.

Prices for the Mitsubishi Lancer range from $830 for base models to $320,000 for rare, low-mileage Evolution variants.