In the begining, when the idea of cars was new, as was waxing them, cars had bare paint. When new, the paint was shiny and would repell water. But quickly the paint oxidized and got dirty. Then the water would sheet.
Waxing to protect paint seemed like a good idea. True waxes repell water. So the water would bead up on a freshly waxed car. As the wax would wear away, the beading action would reduce to nothing.
So beading as proof of wax being present was established. Life was good, cars shined, and the peasants rejoiced confidently knowing if their car was, or was not, waxed.
In the late 20th century, a cloud of darkness decended. It was called "polymer" or "acrylic" or "synthetic". For not all other-than-wax protective coatings repelled water, producing beads. Indeed, some of them were attracted to it, and produced sheeting action as a result.
Chaos and confusion reigned, and reigns still over "to bead, or not to bead". And truly, it's pointless.
Your best indicator is a freshly applied protective coating. Spray water. If it beads, then it will continue to bead as long as it's present. If it sheets, it will continue to sheet as long as it's present.
But wait, there's more!
Late in the 20th century the practice of clear-coating cars with "new and improved" materials came into being, furthering confusion. For many of these cars shined beautifully with no protective coating whatsoever for years on end. This has caused many an autopian to incorrectly believe they still have the magical protective elixor of choice on their painted surfaces, when in fact it is gone.