Chevrolet today announced pricing for the 2009 Aveo lineup and introduced the redesigned Aveo5 five-door hatchback in the North American market. Pricing for both the sedan hatch starts at $12,120 (including a $660 destination charge) for the LS level of trim, and despite the low cost the cars still come standard with side-impact air bags and OnStar.

Standard features across the range include dual frontal and side-impact air bags, as well as front safety belt pretensioners, a tire pressure monitoring system, oil life monitoring system and OnStar.

The Aveo sedan and Aveo5 LT models start at $14,255 for 1LT trim and $15,520 for 2LT trim (including destination charges). Air conditioning is standard on LT models and an automatic transmission is available.

All models are powered by a new, more powerful 1.6L Ecotec engine that uses variable valve timing and other upgrades to deliver great fuel economy and responsive performance. Aveo models equipped with the available four-speed automatic transmission deliver impressive highway mileage ratings of 34mpg. City mileage ratings with the automatic are 25 mpg. However, cars equipped with a manual transmission are even more efficient, with estimated fuel economy ratings of 27mpg in the city and 34mpg on the highway.

2009 Chevrolet Aveo5 and sedan