The government's $1 billion "Cash for Clunkers" program is on pace to run through all the cash before Labor Day -- if current consumer interest is maintained -- prompting a call in Congress to boost funding.
The National Highway Traffic Safety Administration said that as of early today, 16,351 cars and trucks had been purchased under the program, using just over $68.9 million of the program's funds. NHTSA says a total of 250,000 vehicles should be able to take advantage of the program.
Congress approved funding in late June; the program officially began on Friday. It is set to expire in November, if not all the money is used.
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2009 Frankfurt Auto Show Photo Gallery
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