MARKET ANALYSIS
Lancer (1992 to 2016)

The Mitsubishi Lancer Evolution, commonly known as the Evo, was a performance-focused sports sedan introduced in 1992, developed primarily to homologate Mitsubishi’s World Rally Championship efforts. Built around a turbocharged 2.0-litre inline-four engine and a sophisticated all-wheel-drive system, every Evolution model was engineered with motorsport in mind, blending everyday usability with serious rally-bred performance. The model evolved through ten generations (Evolution I to Evolution X), each refining chassis, drivetrain, and aerodynamics, while maintaining the core formula that made the Evo a global icon. Although originally a Japanese-market model, strong international demand saw the Lancer Evolution officially reach markets like Australia, where it quickly built a cult following thanks to its rally success, tuning potential, and giant-killing performance. In total, just over 90,000 examples of the Lancer Evolution were produced globally before Mitsubishi ended production in 2016, marking the end of one of the most influential performance car nameplates of the modern era.
