Mitsubishi Lancer Evolution IV 6th Gen
The Lancer Evolution IV introduced Active Yaw Control and aggressive rally-bred styling, cementing its legendary status in the WRC. It's now a popular and relatively accessible entry point for JDM collectors seeking a raw, turbocharged, all-wheel-drive experience.
Mitsubishi Lancer Evolution IV 6th Gen sold for a median of $17,000 over the last 12 months, based on 5 auction sales; the middle 50% sold between $16,000 and $19,000. 65 currently for sale.
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Mitsubishi Lancer Evolution IV 6th Gen prices by year
Auction sales in the last 3 years; prices leave out salvage and other branded titles.
Listings
The Lancer Evolution IV debuted in 1996 on the new sixth-generation Lancer platform. It was larger and heavier than its predecessor, but Mitsubishi compensated with more power from the 4G63T engine, now rated at 276 hp thanks to a new twin-scroll turbocharger. This was the first production Evo to feature Active Yaw Control (AYC), a system that became a defining trait of the series and helped Tommi Mäkinen secure the 1997 WRC driver's title.
The Evo IV's aggressive styling, with its massive fog lights and signature rear wing, makes it instantly recognizable. Collectors value it as a pivotal model that introduced key technologies and dominated rally stages. Its 25-year import eligibility has opened the door for North American buyers, making it a popular choice for those seeking a raw, analog, all-wheel-drive experience.
The market for the Evo IV is still developing but shows steady demand. With an average sale price around $21,000, it remains one of the more accessible classic Evolutions. Clean, unmodified GSR models are the most sought-after, while the stripped-down RS models are rarer but often heavily modified for track use. Prices are expected to climb as fewer clean examples remain.
Buying Tips
- Check thoroughly for rust, especially in the rear chassis legs, suspension mounting points, and around the fuel filler neck.
- Verify the Active Yaw Control (AYC) system is functioning correctly. Look for warning lights on the dash and check the differential for leaks, as repairs are costly.
- Scrutinize the engine for signs of modification. A stock 4G63T is desirable, so check for aftermarket parts and ask for a detailed service history, paying close attention to timing belt changes.
- Expect worn interior plastics and seat bolsters, which are common for the age. Focus on finding a car with a clean, straight chassis above all else.
Prices for the Lancer Evolution IV range from $13,250 for driver-quality examples to $42,500 for pristine, low-mileage cars.
223 Mitsubishi Lancer Evolution IV 6th Gen vehicles have been tracked across auctions and listings on Hypercars, with 65 currently live.
Data sourced from auction results and dealer and private listings, including Bring a Trailer, Cars & Bids, Mecum, RM Sotheby’s and eBay Motors. Updated daily.
Frequently Asked Questions
How much does a Mitsubishi Lancer Evolution IV 6th Gen cost?
Over the last 12 months, Mitsubishi Lancer Evolution IV 6th Gen sold for a median of $17,000 across 5 auction sales tracked on Hypercars; the middle 50% sold between $16,000 and $19,000. There are 65 currently for sale.
How many Mitsubishi Lancer Evolution IV 6th Gen listings are for sale right now?
There are 65 Mitsubishi Lancer Evolution IV 6th Gen listings currently live across auctions, dealers, and marketplaces tracked by Hypercars.