Mitsubishi Lancer Evolution V 6th Gen
The Lancer Evolution V introduced the model's iconic wide-body styling and was a one-year-only special built for WRC homologation. Now that it's import-eligible in the US, it has become a hot ticket for collectors seeking a raw, analog rally car for the street.
Typical sold price of a Mitsubishi Lancer Evolution V 6th Gen ranges from $9,400 to $48,771, based on 77 sales tracked on Hypercars. 22 currently for sale.
The Lancer Evolution V debuted in 1998 as a one-year-only model, built to secure Mitsubishi's World Rally Championship dominance. It was the first Evo to feature a wide body, with flared fenders covering a wider track for improved handling. Power came from the legendary 2.0-liter 4G63T engine, officially rated at 276 hp, paired with a sophisticated all-wheel-drive system and new Brembo brakes. Its aggressive looks, complete with an adjustable aluminum rear spoiler, set the template for all future Evolutions.
Collector interest in the Evo V is strong, largely because it's now eligible for import into the United States under the 25-year rule. Enthusiasts seek it out for its raw driving dynamics, direct connection to Tommi Mäkinen's WRC titles, and its status as a pivotal model in the Evo lineage. Its limited production run and right-hand-drive configuration only add to the mystique for North American buyers.
The market has responded with an average sale price around $29,000. Clean, low-mileage, and unmodified examples are the most sought-after and command prices approaching $50,000. While higher-mileage or modified cars can be found for less, the Evo V is firmly established as a desirable and appreciating modern classic.
Buying Tips
- Check for rust on the underbody, rear chassis legs, and around the suspension turrets. These areas are known weak spots, especially on cars imported from regions with harsh winters.
- Verify the Active Yaw Control (AYC) system is functioning correctly. The hydraulic pump is a common failure point, so look for dash warning lights and listen for noises from the rear differential during low-speed turns.
- Inspect the car for evidence of crash damage or extensive track use. Look for inconsistent panel gaps and check the condition of the front-mounted intercooler for signs of impact.
- Review service records carefully. The 4G63T engine is robust but requires a timing belt change every 60,000 miles. Poorly executed modifications are common, so cars with a documented history are preferred.
- Be prepared for the cost of parts and maintenance. While many components are shared with other Mitsubishis, Evo V-specific items like body panels and AYC components can be difficult and expensive to source.
Based on 13 recent sales, prices for the Lancer Evolution V range from $17,670 for driver-quality examples to $47,463 for top-tier collectibles.
77 Mitsubishi Lancer Evolution V 6th Gen vehicles have been tracked across auctions and listings on Hypercars, with 22 currently live. Sold prices range from $1,080 to $7,654,321.
Data sourced from Bring a Trailer, Cars & Bids, eBay Motors, PCarMarket, and Collecting Cars. Updated daily.
Frequently Asked Questions
How much does a Mitsubishi Lancer Evolution V 6th Gen cost?
Based on 77 sales tracked on Hypercars, Mitsubishi Lancer Evolution V 6th Gen prices typically range from $9,400 to $48,771. There are 22 currently for sale.
How many Mitsubishi Lancer Evolution V 6th Gen listings are for sale right now?
There are 22 Mitsubishi Lancer Evolution V 6th Gen listings currently live across auctions, dealers, and marketplaces tracked by Hypercars.