Among the interesting bits of news in the spring economic forecast released today by the University of Tennessee is this: Car shopping is hot.
Wow. Who would have thought car dealers would rescue the economy.
Taxable sales in Tennessee will see strong growth this year and auto “sales will be a major driver with fiscal year growth of 12.6 percent. On a calendar year basis, sales are expected to advance 4.8 percent in 2011. Automobile sales, along with purchases from manufacturers, will show the largest gains over 2010.,” says the spring 2011 Tennessee Business and Economic Outlook produced by the UT Center for Business and Economic Research.
Photo: (AP Photo/Paul Sancya, file) In this file photo taken Thursday, Nov. 18, 2010, General Motors headquarters are shown in Detroit. Shares of the reborn General Motors lost momentum in early trading Friday, Nov. 19.
Cadillac owners beware. The Escalade SUV is once again the car most likely to be stolen, according to the Highway Loss Data Institute, part of the Arlington, Va.-based Insurance Institute for Highway Safety.
Also tops on car thieves’ must-have list: Ford F-250 crew pickup, Infiniti G37 luxury car, and Dodge Charger with a HEMI engine
“Theft rates for these vehicles are 3 to 5 times as high as the average for all vehicles,” HLDI reported.
Cars most likely NOT to be stolen: Volvo S80, Nissan Murano, Saturn Vue, Honda Pilot and Subaru Impreza.