Modern cars still have a two settings for exterior lights: headlights and parking lights. (My CR-V, with automatic headlights, also has settings for manually turning on the headlights or just the parking lights.)
Why? What purpose do parking lights serve in this day and age?
I get, back in the "old days", they were a way to make your car more visible if pulled over to the side of the road, but now we have hazard flashers for that.
I also get where they might have been useful in twilight hours to make your car more visible and you didn't need your full headlights to see, but nowadays there are daytime running lights and the advice is to put the headlights on anyway. Now that most headlight bulbs last for thousands of hours, bulb life expectancy isn't a consideration either.
So I just can't figure why auto manufacturers are still making cars with a parking lights setting. What am I missing?
(If it matters, I'm asking from the United States. Answers for cars in other countries won't be useful to me, but may for others.)