✦ Shifty Estimate
$43,600
- 12 months median
- $28K
- Sales, 12 months
- 2
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1998 Mitsubishi Lancer Evolution
1998 · Sedan
Price history
Recent sales
8 sales
1998 · Silver · 96,700 mi · manual2026-08-06 · RumbleAuto$41,500
1998 · White · 95,900 mi · manual2025-11-17 · andocamp$14,000
1998 · Gray · 145,000 mi · manual2025-04-28 · p1_motorcars_ltd$34,500
1998 · White · 53,000 mi · manual2025-03-28 · p1_motorcars_ltd$47,463
1998 · Gray · 108,000 mi2024-12-30 · p1_motorcars_ltd$35,000
1998 · White · 67,000 mi · manual2024-10-11 · benji0505$28,000
1998 · White · 134,000 mi · manual2024-05-09 · Sefuzy1$35,500
1998 · White · 162,000 mi · manual2024-01-04 · p1_motorcars_ltd$31,000
Specifications
- Engine
- Inline-4 Turbo, 2.0L Turbo
- Power
- 276 hp
- Torque
- 274 lb-ft
- 0 to 60
- 4.4s
- Top speed
- 155 mph
- Transmission
- Manual
- Drivetrain
- AWD
Common questions
How much does a Mitsubishi Lancer Evolution cost?
Over the past 12 months, 2 have sold publicly at a median of $27,750. The Shifty Estimate for a well-kept example is $43,600. Cars have changed hands anywhere from $29,950 to $50,140, depending on mileage, color, and history.
What is a 1998 Mitsubishi Lancer Evolution worth today?
The Shifty Estimate is $43,600. That sits above the $27,750 median of actual sales because the median counts every car that sold, including high-mileage examples, while the estimate describes a clean, low-mileage one bought today. We rate confidence medium: 2 public sales in a year is a thin market, and the spread between them is wide.
What has a Mitsubishi Lancer Evolution sold for at auction?
The 3 most recent public sales we have on file:
- $41,500Aug 6, 2026Silver · 96,700 mi
- $14,000Nov 17, 2025White · 95,900 mi
- $34,500Apr 28, 2025Gray · 145,000 mi
The Lancer Evolution V represents Mitsubishi's rally-bred masterpiece at its peak development. Built around the legendary 4G63T 2.0-liter turbocharged four-cylinder producing 276 horsepower, the Evo V delivered all-wheel-drive precision that dominated both WRC stages and touge runs. This 1998 model introduced refined aerodynamics with its signature large rear wing and aggressive front splitter, while Recaro seats and a titanium turbine wheel showcased Mitsubishi's commitment to performance. With only right-hand-drive production for the Japanese market, genuine Evo Vs remain highly sought after by collectors who understand their significance in rally history. The Active Yaw Control system and sophisticated suspension tuning created a driving experience that modern hot hatches still chase. As values continue climbing, clean examples represent both driving nirvana and solid investment potential for serious enthusiasts.