Car Collector International
Modern Classic · 2005–2007

Mitsubishi Lancer Evolution IX

The final 4G63 Evo: rally-bred, mechanical and increasingly collectible in unmodified form.

Car Collector International Editorial
Studio three-quarter front view of a black Mitsubishi Lancer Evolution IX sedan with bonnet vent, silver alloy wheels, red brake calipers and rear wing above the roofline on a plain grey backdrop.
Overview

Why this car matters

The Evo IX represents the last and most developed 4G63-powered Lancer Evolution, with MIVEC variable valve timing, active centre differential and the hard-edged feel that made the series famous.

Because so many were tuned, tracked or corroded, collector attention now focuses on standard MR, RS and low-mileage market-specific cars.

It is the closing chapter of Mitsubishi's classic rally-bred turbo saloon era and a key Japanese performance collectible.

Variants

Range and production

VariantYearsProductionNotes
GSR2005–2007Not separately recordedCore road car with AYC/ACD.
MR2006–2007Not separately recordedBilstein/Eibach upgrades and desirable trim.
RS2005–2007Not separately recordedLightweight homologation-focused variant.
Collector Variants

Limited & special editions

The models below represent the most significant limited and special edition variants — factory-produced cars that command meaningful premiums over standard examples and warrant specific attention from serious collectors.

Lancer Evo IX MR FQ-360 · 2006

200 (UK)
Distinguishing features
UK-only FQ-360: 366 hp 2.0 4G63, Bilstein dampers, Eibach springs, FQ-360 badging and a numbered plaque. Top of the FQ range.
Value premium
2× a standard Evo IX in equivalent condition.
Inspection points
Verify FQ-360 plaque, Mitsubishi UK build records and the 366 hp engine.

Lancer Evo IX GT (final JDM run) · 2006–2007

Exact production total not recorded
Distinguishing features
JDM final Evo IX wagon and special-edition coupe runs, including the GT-A automatic option.
Value premium
20–40% over a standard JDM Evo IX in equivalent condition.
Inspection points
Verify JDM type approval and Mitsubishi build records.
Buyer's Guide

What to look for

Provenance and originality

Start with identity, paperwork and originality. For the Mitsubishi Lancer Evolution IX, the strongest cars have a continuous ownership file, matching chassis and engine details where applicable, original manuals, invoices and evidence that major service work has been carried out by recognised specialists. Factory paint, no rust, original turbo/ECU, manual gearbox, service history and limited editions drive value.

Mechanical inspection priorities

The 4G63 is tough but tuning quality, oil changes, timing belt history and AYC/ACD health matter hugely. A proper pre-purchase inspection should include cold start behaviour, leak-down or compression testing where appropriate, diagnostic scans on modern cars, underbody photography, suspension pick-up point checks, brake condition and a road test long enough to reveal heat-related faults. Deferred maintenance is usually more expensive than buying the better car.

Body, paint and accident history

Use a paint-depth gauge, lift access and a specialist who knows the model's factory seams. Collector value is heavily affected by structural repairs, poor paintwork, corrosion, incorrect panels and missing factory trim. Cosmetic restoration can be acceptable when documented; hidden accident repair should be priced severely.

Specification strategy

Original MR and RS cars with rust-free shells and stock drivetrains are the priority. Specification, colour, transmission and limited-production variants can move values dramatically. Buy the best-documented car in the most desirable specification you can justify, rather than a tired example of a rarer derivative that will require years of corrective work.

Ownership

Living with it

Typical mileage
1,500–4,000 miles typical for collector use
Service interval
12 months; mileage interval varies by model and use
Annual running cost
$3,500 – $10,000
Fuel economy
16–26 mpg depending on use
Insurance
Use an agreed-value collector policy with limited mileage, secure storage, documented photographs and an annual value review. Premiums vary sharply by age, storage location and declared value.

Maintenance planning

Budget annually even if the car is used sparingly. Fluids age, tyres date out, batteries fail and stored cars need exercise. A documented maintenance rhythm protects both reliability and resale value.

Parts and specialist access

Evo specialists understand AYC pumps, chassis corrosion and tuning evidence. Before purchase, confirm parts availability for model-specific trim, suspension, electronics and engine components. A cheap car waiting on unobtainable parts is rarely cheap in collector-car ownership.
Common Problems

Known issues by system

Body

Rear chassis and arch corrosion

Major$3,000 – $15,000
Symptoms — Rust at rear arches, floor, suspension mounts.
Inspection — Lift inspection, remove trims where possible.
Drivetrain

AYC/ACD pump failure

Major$1,800 – $5,000
Symptoms — Warning lights, poor torque transfer.
Inspection — Diagnostic scan and pump operation test.
Engine

Poor tuning / detonation damage

Critical$5,000 – $14,000
Symptoms — Knock, smoke, low compression.
Inspection — Compression/leak-down and ECU review.
Auctions

Recent results

DateAuctionCarMileageResult
2024-08-24
Iconic Auctioneers
Collectors' Car Sale at Silverstone Festival
2007 Lancer Evolution IX MR FQ-360 by HKS
£28,125
Sold
2023-08-25
Iconic Auctioneers
The Classic Sale at Silverstone Festival
2007 Lancer Evolution IX MR FQ-360
£36,000
Sold
Investment

Long-term outlook

EmergingHorizon: 5–10 years

The Evo IX is the collector pick of the later 4G63 cars. Stock, rust-free examples should remain scarce and desirable.

Our view, not advice. This section is Car Collector International's editorial judgement on where this model sits in the collector market, based on the production, specification and market data set out in this guide. It is not a recommendation to buy or sell and it is not investment advice. Values can fall as well as rise.

Recommended

The trusted network

Specialists

  • Mitsubishi marque specialist
    View →
    UK / Europe
    Mitsubishi Lancer Evolution IX inspections, servicing and originality reviews.
  • Model-focused independent
    View →
    United States
    Pre-purchase inspections, major service planning and market-correct preparation for the Lancer Evolution IX.
  • Concours preparation studio
    View →
    International
    Paint correction, detailing, preservation and sale preparation for premium collector cars.

Storage

  • Windrush Car Storage
    View →
    London & Cotswolds, UK
    Climate-controlled storage and collection management for high-value collector cars.
  • AutoVault
    View →
    Essex, UK
    Dehumidified storage at 55% RH in purpose-built sealed buildings, with maintenance programmes and individual motor-trade insurance cover.
  • Classic Car Club Manhattan
    View →
    New York, NY
    Secure urban storage for collector and modern-classic performance cars.

Transport

  • CARS UK
    View →
    UK & Europe
    Enclosed event, concours and collection transport across Europe.
  • Reliable Carriers
    View →
    USA (national)
    Enclosed coast-to-coast transport for premium and collector cars.
  • FERRLOG
    View →
    Italy / Europe
    Air-ride enclosed transport for Italian and European collector cars.

Enjoyed this guide?

Get new buyer's guides and collector market intelligence delivered to your inbox. No spam. We respect your inbox.

The valuation figures in this guide are for research purposes only and do not constitute financial or investment advice. See our full disclaimer.