Forget about new car MSRPs, and compare actual prices paid for the same cars 9/19 vs 9/20.
OK, where can I see that data?
Wages did not increase, but the amount of capital being spent by the lowest 80% of income classes did increase.
Yet core prices like wages did not increase, hence no inflation. Spending going up is excellent, it's called economic expansion.
inflation becomes impossible to diagnose
True inflation is quite easy to diagnose for anybody who accepts the traditional definition of inflation. Money supply increasing
some asset values is not inflation until it increases
all core consumer goods, of which it increased none in the last year.
The weakened dollar relative to other currencies that did not provide anywhere near this level of trickle up economical quantitative easing is pretty telling, though.
The weakened dollar (which is good for the US economy) is also representative of other factors than money supply and quantitive easing, such as political stability.