When on asphalt, you do not want to lose traction. Oversteering sure looks cool and you may be carrying more speed into the corner, but you are also rapidly scrubbing it off and will be slower overall on corner exit than someone who properly getting their power down at the limit.
Drifting is commonly used in rallying because when on low-traction surfaces like dirt, not as much speed is lost and they are able to carry more speed into the corner and better position themselves for corner exit.
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