I've always heard the rear bumper seal is there to prevent rocks from flying up and bouncing off the inside curve of the bumper, trashing the paint on the rear panel. Even small gravel or grains of sand can get going pretty fast when you're clipping along at 60 mph and then bouncing off that chromed steel. Just like a media blaster.
But I don't know this for a fact. Probably could also help with the dust buildup if you travel dirt roads.
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