Car Loans are Like Baseball and Apple Pie

Often times when I speak at conferences on lending I talk about how many American consumers feel like they have to have an automobile loan. As soon as a car is paid off they say, I need to get a new car. Today, I read Seth Godin's blog and he talks about this part of the American culture. Not financially healthy for many reasons, but what would be the impact to our economy if this trend drastically changed? Something to think about.