Those are fine examples to prove my point. Even the low-end, just-get-around cars have climate controls, entertainment systems, and plush seating. They're about more than utility, just getting from one place to another. For the CRV, the web site for it really wants to sell the image of adventure, like driving one means you're ready to head out on road trips, and listen to the Bose sound system while doing so. The base model is also 190hp. The Sentra is 149hp, and over $20,000 base price. Compare that to the Ford Model T, at around $6,000 (inflation adjusted). That was 20hp. Twenty horsepower, no air conditioning, no power steering, no Apple CarPlay, and people drove them across the continent.

Anyway, I just got home from some errands, and while out, I saw a guy driving a big, shiny, white Ford Model F truck, and wearing a cowboy hat. There are no cattle ranches in Wisconsin. Also, it's January and he wasn't wearing a coat; he doesn't plan to go outside. The car one drives is totally a fashion statement. Driving a low-end car conveys a message about you, just like wearing off-the-rack versus bespoke clothes. Even Warren Buffett's econobox is a statement.

And that's leaving aside the assumption that getting from place to place has to involve a car.