Mitsubishi Lancer Evolution (1998)User3204, CC BY-SA 4.0, via Wikimedia Commons

Mitsubishi Lancer Evolution V (CP9A)

1998 — Japan

Modern Classic (1986-2000)Sports CarSedanJapaneseTurbo/Supercharged4WD / AWDInvestment GradeRally LegendsHomologation SpecialsDesign IconsElectric PioneersJDM Legends1990s JDM Golden Era
Engine1,997 cc Inline-4 DOHC 16V Turbocharged
Power280 hp
Torque275 lb-ft
Transmission5-speed manual
DrivetrainAWD
Body StyleSedan
Weight2,778 lbs
0–60 mph4.7 sec
Top Speed155 mph
Production6,000 units
BrakesBrembo 4-piston, 320mm ventilated discs / Brembo 2-piston, 300mm ventilated discs
SuspensionMacPherson strut with inverted dampers, coil springs / Multi-link with inverted dampers, coil springs

Mitsubishi Lancer Evolution V (CP9A)

The Mitsubishi Lancer Evolution V, chassis code CP9A, represented the most significant upgrade in the Evo lineage to that point. For the first time, the body was widened by 50mm over the standard Lancer, accommodating wider tracks and larger tires. Brembo brakes appeared for the first time, with four-piston front and two-piston rear calipers gripping oversized rotors.

The 4G63T engine was further refined with a new TD05HR turbocharger, larger intercooler, and sodium-filled exhaust valves, hitting the Japanese gentlemen's agreement ceiling of 280 PS. The actual output was widely believed to exceed 300 PS. The AWD system gained an Active Yaw Control rear differential, dramatically improving cornering agility and allowing the driver to adjust power distribution between the rear wheels.

The Evo V was the car Tommi Makinen drove to his third consecutive WRC Drivers' Championship in 1998, cementing the Evolution's reputation as the ultimate rally weapon. The wider stance, aggressive front bumper with additional air intakes, and prominent rear wing gave it an unmistakable presence on the road.

To this day, many enthusiasts consider the Evo V the best-balanced Evolution, combining the raw character of the earlier cars with meaningful improvements in grip, braking, and chassis dynamics. Its relatively low production numbers and WRC pedigree make it one of the most sought-after Japanese performance sedans of the 1990s.

$45,000 – $90,000

Verify CP9A chassis code. The wider body means panel gaps should be consistent. Check Brembo calipers for piston seal leaks and rotor wear. Active Yaw Control rear differential needs specialist diagnosis. Crankshaft walk is a known 4G63 issue. Many have been heavily modified; stock cars are rare and valuable. RS models with no ABS or creature comforts are the lightest and most motorsport-focused.

Produced as a homologation special. The wider body required new fender panels, bumpers, and side skirts. First Evo with Brembo brakes and Active Yaw Control. Tommi Makinen won the 1998 WRC Drivers' Championship in the Evo V.