MARKET ANALYSIS
VII (2001 to 2003)

Introduced in 2001, the Mitsubishi Lancer Evolution VII marked a pivotal shift for the Evo lineage as the first generation not homologated for World Rally Championship use, freeing Mitsubishi from competition constraints and allowing a broader, more road-focused approach. Built on a larger, stiffer chassis, the Evo VII retained the core formula—turbocharged 2.0-litre inline-four and advanced all-wheel drive—while adding comfort and usability. The lineup included the lightweight RS, the better-equipped GSR, and the new GT-A with an automatic transmission, expanding the Evo’s appeal beyond purists. Estimated global production is around 16,000–18,000 units, before the model was replaced in 2003 by the Evolution VIII. In the Australian market, the Evo VII was officially sold and is valued for blending classic Evo performance with improved daily drivability, with prices influenced by trim (RS/GSR premium), manual transmission preference, originality, mileage, and condition, as buyers increasingly view it as the bridge between rally-era Evos and the more refined later generations.


