Auto Racing Question

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So I’m definitely a casual racing fan. I watch F1 and NASCAR and a few others if I catch them on TV but don’t go out of my way to follow any series. This year I’ve been following F1 a little more closely and if I miss a race I’ll look up the results later. Recently I’ve been wondering - why do we report auto racing results in seconds behind the winner instead of margin like horse racing? If someone wins by 1 second it sounds close but that could be 1 car length or 1 mile depending on how fast the cats are. It seems like margin makes more sense... what am I missing?

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