The NHTSA has announced that the Cash for Clunkers Program will end on Monday, August 24, 2009 at 8PM EDT.

The government has indicated that it expects the $3 billion allotted to the Cash for Clunkers Program to be exhausted in early September. At that time the program will end with no additional funding proposed at this time.

Last week the NHTSA announced that consumers can purchase a new vehicle under the Cash for Clunkers Program as long as the vehicle is in the pipeline and been assigned a Vehicle Identification Number(VIN). This will increase the number of vehicles available for purchase significantly.

With the success of the Cash for Clunkers Program along with the fact that manufacturers cut production earlier this year and it's the end of the model year selling season dealers have found themselves short of vehicles which qualify for the Cash for Clunkers Program. If you have a clunker and want to trade it in for a new car do not wait.

On August 6th Congress added an additional $2 billion in funding to the Cash for Clunkers Program bringing the total funding to $3 billion. This should keep the program going into at least early September.

Senate Majority Leader Harry Reid says the Senate will vote to replenish the popular "cash-for-clunkers program" before leaving on a monthlong vacation later this week. Reid made his prediction after a meeting at the White House with President Barack Obama.