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SAN DIEGO (KGTV) — If you’re thinking about trading in your used car, now might be the time.Used car prices are beginning to cool off but remain near the historic highs caused by the pandemic, according to data from Edmunds.After a peak in September, dealers paid 3.3% less on average for trade-ins in October. The average used vehicle transaction price, however, remained flat at a record-high ,418 in October because of an influx of relatively new off-lease vehicles."If your household has a second vehicle that you are thinking about selling because it's going unused during the pandemic, there's no point in holding onto it in the hopes of its value increasing again,” said Ivan Drury, Edmunds' senior manager of insights. “You won't get a dramatically higher value for your trade-in than you would have just last month, but you should still get a bit more money than usual since values are still inflated."Used vehicles are worth 16.9% than they did last year, according to the Manheim Used Vehicle Value Index.What caused the historic spikeIn some ways, the pandemic was a time machine for used car prices, reversing depreciation and making pre-owned vehicles worth more than they did a year ago.“That’s kind of crazy to see appreciation on a used vehicle,” Drury said.Drury said he sold a car after owning it for a year for the same price. “That’s unheard of.”Industry experts say it’s a matter of supply and demand. During the pandemic, the supply of used cars dropped, while the demand soared. Both caused prices to spike to record levels.On the supply side, the shutdown of new car manufacturing had a cascading effect on the used car market.“We weren’t churning out new cars, which meant there wasn’t much for shoppers to buy. Therefore people weren’t trading in their used cars,” said Michelle Krebs, Autotrader’s executive analyst. “Everything just kind of stopped.”On top of fewer trade-ins, the pandemic brought the car rental industry to a standstill. Normally, companies like Hertz and Enterprise refresh their fleets, selling off about two million used cars a year. Car rental companies kept their fleets parked during the early months of the pandemic.The third reason supply plummeted: a lot of people decided to put off car buying and extended their leases, so those vehicles weren’t available for sale, although that is now beginning to change.At the same time the supply of used cars dropped, demand for used vehicles surged.“The factories were shut down. They weren’t producing. A lot of consumers, even if they wanted to buy new, they suddenly had to look at used,” Drury said. “That jacked up demand. We had consumers fighting for the same units of inventory.”Demand also rose because people in metro areas that typically relied on public transportation decided to get cars for the first time. And in an environment with a lot of financial uncertainty, used cars were a more affordable option, Krebs said.Low interest rates and stimulus checks also fueled demand by giving consumers more buying power, according to Krebs and Drury.With car rental businesses picking back up and lease extensions beginning to end, the supply of used cars has begun to stabilize. That means now may be the time to sell your used car, particularly before the calendar flips to 2021 and vehicles get one model year older, Drury said.You’ll get more for your used car if you trade it in now, but there’s a trade-off: “You’re also going to pay more for a new car,” Krebs said. 3489

SAN DIEGO (KGTV) - Local activists spoke out in Escondido Wednesday denouncing a recent ICE sweep in San Diego County that resulted in the arrest of 115 people. While agents say the raids targeted convicted criminals and people who'd been previously deported or ordered deported, those holding the protest say the tactics used are unfair and unnecessary.They urged the immigrant community to know their rights and reach out for help from experienced immigration attorneys.  496

SAN DIEGO (KGTV) -- Legendary San Diego anchorman Jack White has passed away. White spent more than 30 years in America’s Finest City as a reporter and anchor at KGTV 10News.White grew up in Oceanside and graduated from Oceanside High School in 1957. He was even inducted into the school’s hall of fame for his contribution to the arts.White began his broadcasting career on the radio in the early 1960s before moving to TV where he spent 34 years at KGTV.On November 14, 2010, the City of San Diego declared Jack White Day. The county made a similar declaration. Many who worked with him called him a gentleman and a great coworker. After leaving 10News, White worked as a technical advisor on the movie “Anchorman.”White covered every story there was to be covered in San Diego. His Restaurant Row coverage was known as a 10News staple. His iconic line in this popular segment was "The meal was served piping hot, just the way I like it."White will be missed by many, both in the community and at 10News. 1014

SAN DIEGO (KGTV) - Kelvin Barrios, a candidate for the San Diego City Council's 9th District, has announced he has contracted coronavirus."After being hospitalized two days ago, I have tested positive for COVID-19," Barrios said in a Facebook post. "While I have been following all social distancing and self-isolation recommendations, I had what I thought was a normal flu for about a week," he said.Barrios described feeling "bad body aches, sweating, headaches, labored breathing, high blood pressure, and an elevated heart rate.""I strongly urge everyone to practice social distancing and stay safe and healthy during these times," he said. 652

SAN DIEGO (KGTV) — If you're single in San Diego, chances are you're not impressed by the dating field locally.At least according to Apartment List, which ranked 130 cities on their ability to provide singles with the best atmosphere. San Diego is, well, lukewarm according to the study.The city ranked 73 overall, right in the middle of the park and posting an overall score of 48 out of 100 possible points.RELATED: Love hurts: Price of a date in San Diego could cost you, study saysThe study ranked cities on their dating satisfaction, social satisfaction, dating affordability, and percentage of reported singles, using data from Apartment List’s Annual Renter Satisfaction Survey and Census Bureau American Community Survey 2017.When it broke down that way, only about 22% of respondents were satisfied with the dating in San Diego. How women and men feel about dating locally may give us an idea about why the city ranked where it did. About 17% of women and 35% of men were satisfied with dating here.Far more San Diegans, about 58%, were satisfied with their social lives in town. And looking at census data, the city posted a measly 22 out of 100 for percentage of singles.RELATED: Ideas for a first date in San DiegoAccording to Apartment List, San Diego's lacking singles population and low satisfaction rate with dating here don't make it an inviting city for singles. The price of dating in California is also abysmal.But social lives are thriving.Atlanta ranked as the best city for singles, followed by Madison, Wisc.; Washington, D.C.; Bloomington, Ind.; and New Orleans, La. Heading up the bottom of the list was a handful of California cities: San Bernardino, Calif.; Bakersfield, Calif.; Anaheim, Calif.; Fayetteville, N.C.; and lastly Stockton, Calif. 1779

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