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RareJDM · 1995–1996 · Japan

Mitsubishi Lancer Evolution III

The rally-bred icon that secured Tommi Mäkinen's first WRC title.

Power
270 bhp
0–60 mph
4.9 s
Top speed
149 mph
Est. value
$22k–$65k

About the Mitsubishi Lancer Evolution III

The Lancer Evolution III arrived in 1995 as the final refinement of the first-generation Evo platform. It featured significantly more aggressive aerodynamics than its predecessors, including a massive rear wing and a deeper front air dam to improve cooling for the intercooler and brakes. Under the bonnet, the legendary 4G63 engine received a higher compression ratio and a new TD05H-16G-7 turbocharger, pushing output to a then-impressive 270 PS. This generation is historically significant for providing the base for Mitsubishi's first WRC Drivers' Championship in 1996.

Mitsubishi Lancer Evolution III specs

The Mitsubishi Lancer Evolution III produces 270 bhp (201 kW) and 309 Nm (228 lb-ft) of torque. It reaches 60 mph in 4.9 seconds and has a top speed of 149 mph (240 km/h).

Overview
MakeMitsubishi
ModelLancer Evolution
GenerationIII
Trim2.0 Turbo GSR
Years1995–1996
TypeJDM
Body styleSedan
CountryJapan
ProductionAbout 10,080 built
Performance
Engine2.0-litre turbocharged inline-4
Displacement1,997 cc (2.0 litres)
InductionTurbocharged
Power270 bhp (201 kW) at 6,250 rpm
Torque309 Nm (228 lb-ft)
Redline7,500 rpm
0–60 mph4.9 s
Top speed149 mph (240 km/h)
Transmission5-speed manual
DrivetrainAll-wheel drive
Weight1,260 kg (2,778 lb)
Power-to-weight214 bhp per tonne

Typical figures for the standard car; options, markets and model years vary. Where our specs come from

How much is a Mitsubishi Lancer Evolution III worth?

A typical Mitsubishi Lancer Evolution III is estimated to be worth $22,000 – $65,000 (about £16,000 – £48,000).

Values are directional estimates for a typical example, not appraisals. Condition, mileage, history and specification all change what a real car is worth. Pound figures use the exchange rate of 3 November 2026. How values are estimated

Mitsubishi Lancer Evolution III rarity in CarSpot

The Mitsubishi Lancer Evolution III is a Rare card in CarSpot, with a rarity score of 44 out of 100. Performance cars, typically worth around £50,000 to £100,000. A Rare card is worth 40 XP.

Each model's tier starts from a 0–100 score based on its value plus its power or production numbers. Once enough players have spotted a model, how often it is spotted can move it up or down one tier. How CarSpot rarity works

Rarity is a collectible game mechanic, not an assessment of real-world scarcity or value.

Mitsubishi Lancer Evolution III fun facts

  • The Evo III's distinctive front bumper was designed specifically to accommodate a larger intercooler and provide better airflow to the front brakes.
  • While the GSR trim offered creature comforts like climate control and Recaro seats, the RS version was stripped of 70kg for competition use.
  • The Evolution III was the first Evo to feature a secondary water injection system for the intercooler to help maintain performance during hard driving.

Other Mitsubishi Lancer Evolution generations

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