I think I know the answer but it is just a wild guess.

Inhalants are not classified as either a stimulant or depressant, because there is such a wide range of inhalants that some are classified in different groups. Therefore, some inhalants are stimulants, and others are depressants.

Is this correct?

A description of the effects of commonly abused inhalants can be found at
http://www.drug-treatmentcenter.org/inhalants.asp

The ocategories described there are household chemicals most often abused by people, not the legitimate drugs taken by inhalation for things like athsma or bronchitis.

But do I have the right idea?

I think you do. The inhalant is only the vehicle by which the drug or chemical is conveyed.

Vehicle?

In this context, the term "vehicle" refers to the substance or medium that is used to carry or transport the drug or chemical into the body. In the case of inhalants, the inhaled substance (such as fumes, gases, or volatile chemicals) acts as the vehicle for delivering the drug or chemical to the bloodstream through the lungs.