Cars are lasting longer, and how many cars can the average person own? There's also depreciation, so cars aren't 'quite' an asset, so trade-in is also limited i

Cars are lasting longer, and how many cars can the average person own? There's also depreciation, so cars aren't 'quite' an asset, so trade-in is also limited if people want to rotate vehicles (unless one leases). > Is there a framework we should be describing this with besides the broad “inflation” term? If asset prices are higher than what they "should" be, then one generally calls that a bubble.