Wow, 1.02GB! My biggest cars.wad used to have around 200MB, and I thought it was too much!
It's been a long time since I've last played GP4, but IIRC you should let in your cars.wad only the tex files that are used by the models you are currently playing. Yes, the solution is quite tedious: you have to check the names of the .tex files being used and remove the rest, but be careful not to remove other things. Or you can just get a fresh cars.wad and update it with the lastest stuff. Yeah, this'll be easier.
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