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Here’s the official word from the CARS (Car Allowance Rebate System , formerly known as Cash for Clunkers):

CARS Back on the Road
The CAR Allowance Rebate System (CARS) is still operating.
Consumers can still take advantage of the government program and receive a $3,500 or $4,500 discount for their trade-in vehicle when purchasing or leasing a new vehicle.
Check back often to this site for updates and information.

I suppose this is good news considering the significant demand for this car buying initiative!

Apply for a Cash for Clunker Loan Now.