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GM offers rebates on 2002 models

General Motors has massaged the rebates on its 2001 cars and light trucks and has adopted a full set of giveaways on its 2002 models.

For the 2002 vehicles, which are going on sale as dealers receive them, 16 of the Buick, Chevrolet, Oldsmobile and Pontiac car nameplates carry $1,000 rebates. Chevy and GMC trucks bring buyers $500 to $1,000.

On the 2001 cars, $2,000 is the most popular giveback. Seventeen of the 21 Buick, Chevrolet, Oldsmobile and Pontiac nameplates that carry rebates are members of the '$2,000 club.'

Moving up to the $2,000 level last week were the Chevrolet Cavalier and Pontiac Sunfire (from $1,750) and the Chevrolet Malibu and Pontiac Grand Am (from $1,500).

On the truck side, the Chevrolet Tracker's payment jumped to $2,500 from $1,500, and the Chevrolet Blazer two-door now brings $2,000. It formerly had no rebate.

Elsewhere, Toyota and Daewoo posted their August incentives.

* Toyota is paying a $500 rebate on its 2002 Corolla and is offering $500 to $1,250 to buyers of 2001 Camry sedans and Camry Solara coupes, Avalon and Corolla sedans, Tacoma and Tundra pickups, and 4Runner sport-utilities. The program ends Aug. 31.

* Until Sept. 3, Daewoo is paying rebates of $500 to $1,000 on 2001 cars and $750 to $2,000 on 2000 models. In lieu of rebates, financing of 2.9 to 7.9 percent is available on 2001s and 0.9 to 6.9 percent may be chosen on 2000s.

You can reach John K. Teahen Jr. at autonews@crain.com

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