I haven't seen much discussion about how AM gets used for local road condition or emergency communication. When you're driving and see a sign that says "TUNE TO 1610 AM" and the car has no AM receiver, what do you do? This may be a shrinking niche, but it's potentially a last bastion of AM radio usefulness.
Those low power highway information stations are actually required to be low quality audio [1]. My understanding is that back in the day, broadcasters insisted that these stations were low quality so they would not compete with commercial broadcasters. In my opinion, those stations actually make AM seem much worse than it really is. That scheme backfired in the long run. [1] 47 CFR 90.242(b)(8) https://www.ecfr.gov/c…
FM is WAY better sound quality. It's not even close.