It's all a matter of possibility...
My brother, who lives in Scotland, bought a new car at the beginning of the year (he signed a leasing contract with an agency), he decided on a luxury Lexus SUV, I don't know exactly which model, but the car is beautiful.
When I asked him why he buys such an expensive car, he told me: "I look around the streets, the same model is mostly driven by older people, women and men, grandmothers and grandfathers. They probably fulfill all other obligations at that age, pay off the house, go to school and move the children away, so they can afford something they like and love. I want it while I'm young and I still have the will to drive because I drive such a nice and comfortable car. I won't wait until I'm old to drive a Lexus. And I don't have a problem with income". I couldn't give a different answer to such a comment, other than: "Enjoy, be happy and drive well...".
I watched a show of a futuristic thinking about the CaaS (Car as a Service) project. How crowded are the cities, and how expensive are the cars, and with the fact that, unless we are taxi drivers or if we do our work by car, we use them 3 to 5% of the time a year, it is by no means profitable to own one... With CaaS, with a smart car, without a driver (classic Taxi), costs are drastically reduced. You pay only as much as the vehicle is used. No costs for parking, vehicle maintenance. The only question is when this can go live...
The question is, what does it matter though? That is what we should be exploring. Why does driving a car make us feel good, yet we might not be putting attention into our relationships with people we love. It is not all about money, is it? I feel we have been conditioned to want certain things, and "buying it" is easier, than building it. So we find happiness through buying when we can, but it is an endless game.
Self-driving cars change so much in this regard. I have written a couple posts about it back in probably 2018, will look later. But yes, it makes sense and then, owners of cars lease them out, but still have access when they need. Most people won't need to own. And, inner city design changes too, because they can "wait" outside the cities, easing traffic flow immensely. It completely changes the supply and demand of cars - do you think car companies really want less cars demanded? Oil companies?