Mitsubishi Lancer Evolution Evo III
Sold prices, market value and cars for sale
As of October 21, 2026, Shifty has recorded 14 public sales of the Mitsubishi Lancer Evolution Evo III. The records run from October 2022 to September 2026. In the past 12 months, 3 sold at a median of $19,000. The Shifty Estimate for the Lancer Evolution is $20,000.
Versions
About the Mitsubishi Lancer Evolution Evo III
- Built
- 1995 to 1996
- Versions
- 1
- Body styles
- Sedan
- Engine
- Inline-4 Turbo, 2.0L Turbo
- Power
- 247 hp
- 0 to 60
- 5.3 s
- Top speed
- 137 mph
The Mitsubishi Lancer Evolution Evo III was built from 1995 to 1996.
The Lancer Evolution, the most traded version: The original Lancer Evolution represents Mitsubishi's bold entry into homologation specials, built to satisfy Group A rally regulations. This first-generation Evo packed a turbocharged 2.0-liter 4G63 engine producing 247 horsepower, paired with Mitsubishi's advanced all-wheel-drive system and active differentials—technology that would dominate rally stages for years. The aggressive aerodynamic package, including the iconic rear wing and front splitter, wasn't just for show; every element was honed through competition. Only produced for two years before the Evolution II arrived, these early Evos established the template for one of motorsport's most successful platforms. Today, clean examples command serious attention from collectors who appreciate the raw, uncompromising nature of this rally-bred machine. The Evo's influence on performance car development cannot be overstated, making early examples increasingly significant as the blueprint for modern all-wheel-drive sports sedans.
The market
Recent sales
Common questions
How much does a Mitsubishi Lancer Evolution Evo III cost?
In the past 12 months, 3 sold at a median of $19,000. Half of the 14 most recent sales landed between $14,100 and $24,000. The Shifty Estimate is $20,000.
What is a Mitsubishi Lancer Evolution Evo III worth today?
The Shifty Estimate for the Lancer Evolution is $20,000. It describes a well-kept example.
What is the most expensive Mitsubishi Lancer Evolution Evo III ever sold?
The highest sale on file is $42,500, for a 1996 Mitsubishi Lancer Evolution at Bring a Trailer. It sold on Oct 12, 2022. It showed 67,000 miles.
How many Mitsubishi Lancer Evolution Evo III examples have sold?
Shifty has recorded 14 public sales since October 2022. 3 came in the past 12 months. The most recent sold for $19,000 on Sep 16, 2026.
Where do Mitsubishi Lancer Evolution Evo III examples sell?
Of the last 14 sales with a known venue, 9 were at Bring a Trailer. The rest: Cars & Bids (5).
How many miles do Mitsubishi Lancer Evolution Evo III examples have when they sell?
Across the last 14 sales with a recorded odometer, the median was 118,500 miles. The lowest showed 15,000 miles and the highest 169,000 miles.
Where do Shifty's Mitsubishi Lancer Evolution Evo III prices come from?
Every figure here comes from recorded public sales and live listings of the Mitsubishi Lancer Evolution Evo III. Each sale is filed by version and year. Shifty leaves out cars without a clean title, mismatched cars and implausible prices. The Shifty Estimate weights the most recent sales most heavily. These figures were read on October 21, 2026.