Evo owners get techy and detailed in their own ways. I want to understand current pricing (as of this post, so late 2022). So here is my technical analysis of pricing of recently sold 2006 Mitsubishi Lancer Evolution IX vehicles that were sold on BringaTrailer.com - which seems to have the most transactions. Anyone can access this data, i simply consolidated it. Analyzing the difference between Stock and Modified Evo values seems to be the trickiest part to discern from this data... I hope this helps other current Evo owners and purchasers as well.

BringaTrailer.com Sales Data:

This includes all 2006 Evos that were Sold between 6/19/2019 – 8/18/2022.

$37,395. ***** is the Average Sale Price of MODIFIED Evos (70,000 – 123,000 miles)

$40,083. ***** is the Average Sale Price of MODIFIED Evos (9,000 - 44,000 miles)

$46,898. ***** is the Average Sale Price of STOCK Evos (13,000 – 44,000 miles)

$55,587. ***** is the Average Sale Price of ALL STOCK Evos (800 – 44,000 miles)

$43,753. ***** is the Average Sale Price of ALL Modified AND Stock Evos (9,000 – 44,000 miles)

$44,652. ***** is the Average Sale Price of ALL Modified AND Stock Evos (800 – 123,000 miles)

As I am sure many are aware, two of the STOCK Evo Sales are the outliers, with odometers of 800 miles & 2,500 miles, sale dates of 10/6/2021 & 3/24/2022, and prices of $82,000 & $90,000.

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Here are the DETAILS of all of the transactions that make up these averages on BringaTrailer.com for Mitsubishi Lancer Evolution Sales, narrowed by Model Year 2006, listed by:

Sale Date – Trim – Color – Miles – Price – comments

8/6/2020 - MR – Black – 35,000 - $38,250 – Modified

8/16/2021 – IX – Black – 25,000 - $48,500 – Modified… Very clean

11/16/2021 – MR – Gray – 9,000 - $42,450 – Modified

5/8/2022 – MR – Gray – 34,000 - $40,000 – Modified… but Sale was not finalized

6/28/2022 – IX – Black – 44,000 - $35,000 – Modified

8/18/2022 – IX – Black – 44,000 – $36,500 – Modified

***** Average: $40,083 *****



6/19/2019 – MR – Gray – 25,000 - $37,787 – Stock

5/18/2020 – SE – Gray – 41,000 - $39,501 – Stock

8/31/2020 – MR – Gray – 13,000 - $49,750 – Stock

11/12/2020 – RS – Red – 35,000 - $42,000 – Stock

6/2/2021 – IX SSL – Blue – 22,000 - $45,500 – Stock

12/15/2021 – SE – Black – 20,000 - $50,500 – Stock – NO-Sale

5/1/2022 – MR – Gray – 31,000 - $63,245 – Stock

Average: $46,989

***** Average (Excluding No-Sale): $46,297 *****



10/6/2021 – MR – Silver – 842 - $82,000 – Stock

3/24/2022 – SE – Black – 2,200 - $90,000 – Stock

***** Average (All 9 STOCK units listed): $55,587 *****



7/8/2021 – IX – Gray – 123,000 - $37,000 – Modified… Very clean

1/4/2022 – IX – Gray – 70,000 - $41,000 – Modified – Very clean

1/29/2022 – MR – Gray – 72,000 - $30,500 – Modified

11/16/2022 – IX – Black – 80,000 - $29,750 – Accident on Carfax

***** Average: $37,395 *****



No-Sales Excluded from averages:

2/5/2022 – IX – Gray – 44,000 - $34,000 – NO-Sale – light modifications
8/10/2022 – MR – Gray – 44,000 - $38,750 – NO-Sale… Modified… 1-Owner

 

Bring a Trailer is not real life. It's a place where people with a lot of money go to buy the best available example of something, and they favor very clean and unmodified cars that do not have flaws. Buyers typically don't care at all about the location of the car itself, and it is therefore not the benchmark for your local Evo market. Don't let a $50k BaT result dissuade you from wanting to buy a well-kept local IX, I can assure you that the price you pay will not be what gets tossed around at an online auction.

 

Fixed.

I know what you're getting at, and I agree, but BaT and auctions in general are going to become more relevant as time goes on.

As these cars become more collectible, I think we will see the auction format become increasingly popular based on what has happened with other older collectible vehicles.
Value and rarity seems directly proportional to the likelihood the vehicle will be sold at auction.

 

looks like white evos are destined to be dedicated track cars

 

Uhm its real life. You're half right. BaT does show demand and desire for a particular make/model. Its a forecast for normal evo prices when stock becomes so low pristine examples are pretty much un-attainable. At that point those 50k-100k evos will suddenly be 150k+ and current average evos will take on those BaT prices you see now. Don't doubt this will happen. Its just what happens with cars that attract this type of attention.

 

I have BAT email me every time any model year evo gets listed so I have a bit of a sales history in my mailbox going back a few years. Cant say BAT isnt real life, these cars are being sold and anyone can list... Additionally I dont understand why you limited the scope to 06 model year. Even some of the 03s have gone for good money. Would be more helpful to show all CT9A sales on BAT.

My 05 which is basically a 9 with a few exceptions like MIVEC, front bumper, and interior colors has 22k miles on it. Has crossed my mind to sell it given current valuations. Even for modded or high mileage cars, I believe its worth a pretty penny and certainly equal to or more than I paid for it 17 years ago. But as I've said in the past I dont see any equivalent vehicle short of spending double the money on an M car. Or moving to some other 90s/early 2000s platform via import or domestic market. At that point I cant justify selling it. And in my state we have personal property taxes so any new or newer car would cost me a lot of money every year in tax.

What concerns me is part availability over time. I know the aftermarket is still strong but for some of the OE parts and potential wear and tear items(drivetrain by example) if you want to track these cars, it is none the less concerning.

Bottom line, I'll just keep it for now.

 

As a recent owner of mint evo 9 MR - I did the market analysis and paid what I thought was fair

great thread - subscribed.

 

mostly incorrect. yes, BAT favors clean, well kept cars. but even this isn't true because there are countless listings for cars with (even sometimes insane amounts of) rust. but the reference point for market value is very accurate. sure, you won't find clapped out junkers with overt damage on there, and that's not what it's for. you can always get lucky with a local seller willing to part with something quickly, but anyone that knows the value of their car will ask fair market price.

 

cars and bids just listed the 1 owner RS.

 

Saw that! Not sure how that works but $40K has been offered?

 

Really good thread. Thanks for posting those numbers!

I'm a car speculator. I love trying to buy cars before they increase in value. I've always loved Evos. I definitely see them becoming more valuable. The 2006 model year will be in most demand, however, the best, closest to stock, cars will obviously bring in the most money.

At this point, i wouldn't say BaT prices are what you can expect for your local ones for sale...... just yet!

The same thing happened to the Integra Type R. BaT prices were increasing but the local ones for sale were still reasonably priced. Prior to 2020, prices were going up, but not to the degree the BaTs were. The low-mileage ITR that sold for $80k on BaT shook up the ITR market. That was in 2017 I believe. Post 2022, all went up. Even 180k mile examples are listed for $40k+.

Not sure if you guys saw the 7k mile PY ITR sold for $112k this past summer.

https://bringatrailer.com/listing/2000-acura-integra-type-r-51/

I think the same will happen to the Evo 8 and particularly Evo 9 in the near future.

My dream Evo is a blue 2006 MR.

 

same as BaT

40k with 5 days to go. gonna get a lot more $$$$$

 

As others have said, it's an auction, similar to BaT.
In many cases, bidders come out of nowhere at the last minute. Highest bid wins. I'm looking forward to a bidding war on that RS.
Don's Evo IX on BaT right now is a real outlier. I hope it goes big

 

I too would love to find a mint, stock Electric Blue IX.
The IX MR was only offered in Rally Red, Wicked White, Tarmac Black, Apex Silver or Graphite Grey.

 

Ah, you're right. I never thought about that. Such a shame they didn't include blue in the MR line.