Even with price cuts, Chrysler pays rebates

The Chrysler group reduced prices on several 2002 models in an effort to do away with customer incentives, but the early report shows that several Chrysler brand cars have hefty rebates as well as lower stickers.

The 2002 Chrysler 300M, Concorde sedans and Sebring coupe bring givebacks of $1,000 to the buyer. Prices of the Concorde and 300M were reduced $140 to $1,780. The Sebring coupes went up $110 and $135.

n Elsewhere, General Motors, which rethinks its incentives every month, made few changes for September. It added $500 to $1,000 to the rebates on the Chevrolet 2001 S10/T10 and GMC Sonoma small pickups and placed spiffs of $500 and $1,000 on a few 2001 Chevrolet Silverado and GMC Sierra full-sized pickups.

n Toyota is paying September rebates on nine 2001 nameplates - five car and four light truck. The amounts range from $200 on the Corolla to $3,000 on the Land Cruiser. Toyota's rebates primarily are for dealers. The Camry and the 4Runner have customer payments in some regions.

n Kia raised the rebate to $750 (from $500) on the tiny Rio and added the Optima at $2,000. Kia's rebates are for customers; they expire Oct. 1.

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

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