You make a good point about people who are informed or educated enough to actually recognize that. Ignoring the future vs present worth of money aspect.
There are a shit ton of folks out there who don’t know what inflation actually is. I’d say they probably fall into the doom spending category.
You can buy a lot of gas for the premium you’d pay but buying a brand new car.
Every time I run the numbers to buy a new car vs keeping my 2014 Taco, the Taco wins, even with its abysmal gas mileage.