1995 Mitsubishi Lancer Evolution III For Sale with 66K Miles: Dyno-Proven 322 HP JDM Legend at No Reserve

1995 Mitsubishi Lancer Evolution III For Sale With 66,400 Miles: Your Shortcut to a ’90s JDM Legend

A highly sought-after 1995 Mitsubishi Lancer Evolution III GSR is currently listed on Cars & Bids at no reserve, presenting one of the most accessible ways to own a genuine 1990s JDM rally icon. This right-hand-drive Evo has already cleared the hurdles of U.S. importation and holds a clean U.S. title. With 66,400 miles and a long list of performance enhancements, the car’s legendary 4G63 2.0-liter turbo-four engine delivers a dyno-proven 322 horsepower and 264 lb-ft of torque, a significant boost over its 266 hp factory rating.

Performance Upgrades and Rally Heritage

The Evo III GSR is a classic homologation special, and this example has been tastefully modified to maximize its turbocharged, all-wheel-drive performance.

• Iconic Engine: Under the hood is the legendary 4G63 2.0-liter turbo-four, the same engine that powered Mitsubishi’s dominance in the World Rally Championship.
• Power Boost: The factory 266 hp / 228 lb-ft engine has been tuned to a dyno-proven 322 horsepower and 264 lb-ft of torque.
• Key Drivetrain Upgrades: Enhancements include:
  • Kinugawa 20G turbocharger
  • Forged internals
  • Cold air intake
  • Fujitsubo exhaust system
  • Southbend Stage 3 clutch and ACT lightweight flywheel.
• Handling: The suspension features BC Racing coilovers, revised springs and shocks, and slotted/drilled brake rotors for a greater driving experience.

Condition, Aesthetics, and Auction Value

Despite its age, the car is presented as a well-kept example of JDM culture, with a rare opportunity for collectors.

• Condition: Finished in Mystic Black, the car has a black leather interior with Recaro bucket seats and a MOMO steering wheel. Minor flaws noted include front lip chips and some underbody rust, which the seller suggests adds character to the driven vehicle.
• Rarity: The Evo III GSR belongs to a highly sought-after generation that was never officially sold in the U.S. and has already satisfied the 25-year import rule.
• Auction Value: With the auction closing soon (November 3) and a current bid of just $15,000, the car is priced significantly below the Evo III’s estimated average selling price (reportedly about $25,000). This no-reserve auction offers a “golden opportunity” for enthusiasts to acquire a desirable icon without the typical six-figure price tag of later-generation Evos.
• Extras: The sale includes factory white 15-inch OZ Racing wheels and a set of bronze 15-inch Rays wheels.

Final Thoughts

This 1995 Mitsubishi Lancer Evolution III GSR is a rare and powerful machine that provides a direct connection to the golden age of JDM rallying. For American enthusiasts, the fact that the difficult importation process is already complete and the car holds a clean U.S. title makes it an exceptionally appealing no-reserve auction find. Given the strong performance upgrades and the car’s collector status, this Evo III is a genuine bargain for anyone looking to drive a piece of ’90s motorsport legend.

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