The difference of AM Stereo vs HD radio was that the Kahn and CQuam systems both worked exceptionally well on skywave at night to provide stereo hundreds of miles away. Enjoyed listening to reliable decent stereo from WSM, WQXR, WNBC, WLS, CKLW, WJR, WOWO, CFRB, KDKA, WSPD, WTVN, WCCO, 'pre-WOGL', WBZ, WGN, WBAP and the late night music from KMOX. It worked, and it worked without disturbing its neighbors on the dial. Very quick recovery from static crashes, and the 3rd generation CQuam chip from Motorola/ON Semiconductor, had an excellent blend to mono and eliminated 'platform motion'.
Availability and penetration of AM Stereo was outstanding compared to HD, with over 10 million CQuam chips shipped. The Big 3 all offered AM stereo (Ford last) as well as Mitsubishi and Toyota. The GM/Delco "UX-1" model was outstanding, as was the 2nd generation Chrysler with 5 band EQ. Chrysler even had AM stereo STANDARD on all models from 1985-1991; something you can't say about HD radio. Aftermarket auto radios included a knockout wideband AM radio offering from Concord, Kenwood & Sony, along with dual bandwidth rig from Clarion, and some average Joe AM stereo radios from Radio Shack, Jenson, and several models from Sherwood.
Sony's best analog portable of all time, the SRF-A100 had about a 12KHz audio bandwidth and decoded all AM stereo modes.
Even JC Penney had a home CQuam tuner(MCS/Technics), Sony had several home receivers (mostly available in Canada and Oz though), and Radio Shack had a crippled analog tuned AMS tuner (that could have been better with a few tweaks). The big difference was that the programming on AM was worth tuning into as well!