The most common and most likely answer to this crossword clue is the 5 plus 3 plus 4 letter word STOCK CAR RACE
I've seen this crossword clue in Financial Times
S
T
O
C
K
C
A
R
R
A
C
E
Buddy explains!
The straight part
We know that "In which a crack Escort gets wrecked" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case in which a crack escort gets wrecked = stock car race.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.