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Price opinion from advertisements and recorded sales. Not an inspection or a certified valuation.
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Reference photograph of a Mitsubishi Lancer Evolution VII GSR
Valuation · Mitsubishi · CT9A · 2001-2003

Mitsubishi Lancer Evolution VII GSR

2.0L turbo four · 206 kW / 383 Nm · 5sp manual · AWD
CONSIDERRated within the $30k to $100k band · 50 of 94 at this money
Model value
$38,500
Must gain each year to break even
+11.9%
The projection does not clear it, and nor does most of the library.
CarQuant score
53/100
Scored against the $30k to $100k band, not the whole library
Evidence grade
Thin
One to three recorded Australian sales
$38,500
$35,019 lowhigh $53,927
Calibrated to a thin record
Two counted Australian results, both in 2025, at $23,002 and $35,000, with a 2021 GT-A automatic on the page and excluded. These prices reach this library through a third-party compiler rather than from the selling house: Collecting Cars publishes the car, the date, the suburb, the odometer and the condition report, and puts the final figure behind a login. They are carried as evidence on that basis and the provenance is stated here so it can be weighed.

Looking at a Lancer for sale?

Put in the asking price and the odometer reading. You will see what this model should make at that reading.

Should make, typical example
$38,500
At about 130,000 km. Enter an asking price to compare.

Odometer only. Colour, options, history, condition and the photographs move it further, and that is what the report reads.

A person reads the advertisement and its photographs. Usually back within 48 hours. Read a real listing report

Price history

Today $38,500 · modelled median at five years $44,993
Solid line: the value this library has carriedDashed from 2026: modelled · even money $39,747 to $49,692
The green band is the even-money range and the one to plan on: half of outcomes land inside it. The pale band behind it bounds eight in ten ($35,019 to $53,927). The path is this model's own: it starts along the momentum of its recorded history and bends toward its projected median as the horizon lengthens, so no two cars share a future curve.

The verdict

A defensible case with reservations. Scores 53/100, ranking 50 of 94 in the $30k to $100k band. Liquidity is the strongest input, risk resilience the weakest.
Running it costs about $5,160 a year (13.4% of value), which is what the economics score measures. All in, including the projected value change, it is $4,369 a year.
The model's five year median is $44,993, a +16.9% move, with the tenth percentile at $35,019.
Value calibrated to a thin record. Treat the level as provisional.
Evidence
Thin2 recorded sales
Off its peak
at peak
Value band
moderate
At least one recorded transaction plus a source. Direction is sound, the exact level less so.
Scored against every recent Australian sale this library holds, half its values land within 11.2 per cent of the price paid and the rest miss by more, in either direction. Projections are therefore damped toward flat in proportion to how little is known, and the plausible band is never narrower than the error the model is known to make.
This value sits above every recorded sale logged for the model. That is the specific error calibration keeps finding, so treat it as a ceiling rather than a mid-point.
Short term (1-5 years)$4,369 a year all in, +16.9% median value move
Long term (10-15 years)Scarcity case already formed
Negotiate from$38,500

Recorded sales

Every recorded observation, and when
4 rows on record
$41k$31k$21k
20222023202420252026
the value this record published, year by yearnow $39ksoldcontext, excluded1 row sits off this scale. Open the list below to see them.1 row is undated and is not plotted
Every row, with its price and note (4) ↓
Library value against the sold record
2 sales · median $29,001
Value $38,500
$23,002$35,000
The library value sits above the highest recorded sale; the evidence note above explains why.
May 2026AutoMarketsNo saleNot a sale
NOT A SALE. 1 May 2026, Mount Barker SA, 81,076km. 2001 Evolution VII GSR manual passed in unsold; no result price was published.
Jul 2025AutoMarkets$35,000Sold
SOLD. 7 Jul 2025, Leichhardt NSW, 77,095km. 2001 Lancer Evolution VII, manual; recorded result, not verified against the primary listing before the research budget ran out.
Feb 2025AutoMarkets$23,002Sold
SOLD. 27 Feb 2025, Benowa QLD, odometer not listed. 2001 Lancer Evolution VII GSR, manual; recorded result, not verified at the primary platform.
Dec 2021AutoMarkets$19,000Context, excluded
SOLD. 8 Dec 2021, Nowra NSW, 121,401km. 2002 Lancer Evolution VII GT-A automatic, excluded from this record - the GT-A is the softened automatic and not the GSR this value describes; recorded result, not verified at the primary platform.
2 completed Australian sales of 4 rows. Rows marked asking, no sale, or context are shown for honesty but do not count toward the evidence grade: an ask is not a transaction, a pass-in is a refusal, and a provenance or overseas result does not price the ordinary local car. The badge on every row is computed by the same rule as the grade, so the two cannot drift apart.

Score breakdown

Against the $30k to $100k band median
94 cars in band · ink tick marks the median
Ownership economics30% of total
51/100-4
Scarcity25% of total
55/100+2
Demand durability20% of total
54/100-12
Liquidity15% of total
65/100+13
Risk resilience10% of total
33/100-3
Sub-scores run 0-100 before weighting; the weighted total is 53/100. Medians are computed live from the 94 cars currently in the $30k to $100k band, so this picture moves when the library does.
The working behind each factor: baseline and drivers ↓
Ownership economics30% weight
51/100
Baseline84 pts
− 13.4% of value a year to run-33 pts
Sub-score (baseline plus drivers, clamped 0-100)51 pts
Scarcity25% weight
55/100
Baseline20 pts
+ 300 survivors estimated in Australia+35 pts
Sub-score (baseline plus drivers, clamped 0-100)55 pts
Demand durability20% weight
54/100
Baseline50 pts
+ The first of the CT9A cars and the one Australia skipped+8 pts
− Bookended by the VI Tommi Makinen and the VIII, both sold here-10 pts
+ Active centre differential arrived on this car+6 pts
Sub-score (baseline plus drivers, clamped 0-100)54 pts
Liquidity15% weight
65/100
Baseline12 pts
+ 50 days on market+40 pts
+ 30 sales a year+13 pts
Sub-score (baseline plus drivers, clamped 0-100)65 pts
Risk resilience10% weight
33/100
Baseline60 pts
− The GT-A automatic contaminates every comparable set-12 pts
− Coastal Japanese cars rust in the arches and boot floor-8 pts
− Thin transaction record-7 pts
Sub-score (baseline plus drivers, clamped 0-100)33 pts
Model output, not advice or a valuation. Verify independently before acting.

What it costs to own · about 5,417 km a year

Annual cost of access, excl. fuel
$5,160a year
Share of value per year
13.4%
Scheduled servicing$1,16022%
Tyres, annualised$79015%
Registration and CTP$62012%
Insurance$1,47028%
Sinking fund (failure table)$1,12022%
All-in annualised (a different number)
Purchase (model value plus duty)$40,040
Running costs × 5 years$25,800
Median exit, net of selling cost$43,993
All-in annualised over 5 years$4,369/yr
Share of value per year11.3%
Cost of access is what the car costs to run. All-in annualised adds depreciation, duty and selling costs across a five year hold. They answer different questions and are labelled separately for that reason.
Break-even appreciation, 5 year hold
11.9%a year, only to get the money back
This library projects
+3.2%a year
The projection falls 8.7 points a year short of the hurdle. On these assumptions this car is a cost, not an asset, which can be an entirely rational thing to buy but should be bought knowing it.
Purchase$38,500
Stamp duty$1,540
Running costs x 5 years$25,800
Selling cost at exit, 2.6% of the salescales with price
Sale price needed at +5 years$67,596
Storage
Bought at
No forecast is used to compute the hurdle. It is the purchase, the duty, any premium and 5 years of running cost, grossed up for the cost of selling and spread back over the hold. The projection it is measured against is the weakest number in this product and is drawn that way in the chart above. Transport, finance and any restoration spend sit outside it.

Specification

Engine2.0L turbo four
Power / torque206 kW / 383 Nm
0-100 km/h5.1 s
Transmission5sp manual
DriveAWD
Kerb weight1,410 kg
Built worldwideNot established
Delivered to AustraliaNone. Every car here is an import
Effective AU survivors300 (imported)
Australian sales / year30
Typical days on market50 days
Launch priceNever sold new in Australia

What moves the price on this model

Colour hierarchy
Original paint in a factory colour+6%
Scotia White or Steel Silver+2%
Resprayed, or a colour change-8%
Options
Genuine GSR with the five-speed manual and active centre differential+30%
Standard boost, standard turbo, documented history+14%
Rust-free underbody with photographic evidence+12%
Odometer sensitivity±1.6% per 10,000 km vs 130,000 km
Applied on top of these

Condition, history, originality, ownership, delivery and modification multipliers apply to every car in the library. They are applied automatically when an advertisement is analysed, and the schedule is set out once, on the analyser page.

Projected value in five years

Projected value at five years
$44,993
+16.9% on today
The model's figure. Today it is $38,500.
Even odds it lands between $39,747 and $49,692.
$35,019 lowhigh $53,927
The shaded range is even money and 25% wide; the outer figures bound eight outcomes in ten. Band width follows the evidence - a model with a tight measured record carries a tight band.
A stronger five year outlook than 77% of the library.
-26.6% weakest projected move in the librarystrongest +73.1%
Five-year cost of ownership
Value change alone: +$6,493 across five years.
Running costs over the same period: $25,800.
Duty and expected selling costs: $2,540.
Net cost of five years of ownership: $21,845, or $4,369 a year.
The projected value rise offsets part of the running cost. It does not make the car free to own.

The case for and against

The case for

Australia's official run jumped from the Evolution VI Tommi Makinen straight to the VIII, so the VII is the generation this market never had. It introduced the active centre differential and is the cheapest way into the CT9A shell.

The case against

Reported as the only Evolution generation moving strongly, on a three-sale sample. The GT-A automatic sits in the same body at much less money and drags every comparable set it touches.

Known faults and risks

Risk 1The five-speed automatic GT-A is a different and cheaper car in the same shell
Risk 2Rust in rear arches, sills and boot floor on cars from coastal Japan
Risk 3Clutch and five-speed gearbox are the weak link under raised boost
Rod bearings and bottom end on tuned cars, rebuild$16,000
Clutch and 5sp gearbox, the weak link under raised boost$5,000
Rust in rear arches, sills and boot floor on coastal Japanese cars$5,000
Turbo failure$4,500
First-generation ACD pump and accumulator failure$4,250

Similar cars, and what they cost to run

Evidence behind this valueThin · 2 recorded sales
Carried value
$38,500
Historical price
2016 · $23,9002026 · $38,500
Thin
At least one recorded transaction plus a source. Direction is sound, the exact level less so.
The generation Australia skipped

Mitsubishi Australia's official run went Evolution VI Tommi Makinen in 2001, then straight to the Evolution VIII in 2004. Every Australian VII is therefore a private import, arriving either under the fifteen-year rule or through SEVS, and the cars here were chosen rather than sold.

Read the rest of the evidence notes (4 more)
The GT-a is the trap

Mitsubishi also built a five-speed automatic GT-A in the same shell with the same badges. It is a materially cheaper car and it turns up in Australian classifieds described simply as an Evolution VII. Any comparable set built without separating them will read low, and the reported strength in this model - plus fifty-two per cent, the only Evolution generation showing a strong positive - rests on three sales and is exactly the sample size where one GT-A rewrites the answer.

The record predicted its own error and then made it

The paragraph above says a set built without separating the GT-A will read low and that one GT-A rewrites the answer at this sample size, and the $19,000 December 2021 car was a GT-A automatic being counted as an ordinary comparable. It now carries the canonical exclusion.

What is left is two sales five months apart

$23,002 in February 2025 with no odometer published, and $35,000 in July 2025 at 77,095 kilometres. They rise, but across five months rather than four years, and the reported strength in this generation of plus fifty-two per cent was measured with the GT-A at the bottom of the run and should be read as unsupported until a third GSR result arrives.

The value of $38,500 now sits above both counted sales

And is held on the placement argument alone: the VI GSR at $28,800 and the VIII MR at $43,000, with the VII between them. That is a weaker defence than this record carried yesterday and it is written here so it is not mistaken for a measured number. The placement is corroborated by the library either side of it: the VI GSR at $28,800 and the VIII MR at $43,000, with the VII between them where the results put it.

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This model, today$38,500
Half of sales are further out than$4,304
The report$249
17×
the price of the report: what half of real sales of this model sit further from this page's number than, on this car
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