Cash for clunkers spurs demand

License this stock photo of Clunker Car .

The US government CAR Allowance Rebate System (CARS) has proven
very popular with consumers. The government program offers a $3,500 or $4,500 rebate for the trade-in of eligible "clunker" vehicles based primarily upon fuel economy. The incentive is so pupular the first $1 Billion dollars alloted was spent in only one week. Congress is trying to designate another $2 Billion for the program. However, the senate is not likely to agree without debate.