Cash for Clunkers (also known as Car Allowance Rebate System) was a $3 billion U.S. federal scrappage intended to replace older vehicles with new ones that use less fuel, are safer and pollute less. The program officially started on July 1 2009 and ended on August 24 2009 due to lack of resources. The goal of the program was to give the struggling auto industry a sales boost.  On 26 Aug 2009, The program managed to replace 700,000 cars with far more fuel efficient vehicles. The rebate applications were worth $2.877 billion.