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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) -- It's almost time for back to school and that means it's time to go shopping and gather all those essentials. While some items may be obvious on your shopping list, others are more obscure. We've compiled a list of back to school tech as you prepare to make that back to school shopping list. Check out the items below for more: Livescribe – 3.5 stars on AmazonThis nifty little gadget will come in handy for those long, note-taking days. With Livescribe, you can record everything you write and hear so you don’t miss a thing, according to Amazon. Then, replay your meetings or lectures simply by tapping on your notes. Native Union Key Cable – 5 stars on AmazonAlways losing that phone charger? The Native Union Key Cable attaches to your keychain so you never have that problem again (unless you can’t find your keys, of course.) The charger is compatible with most devices, according to Amazon. Casio Touchscreen with Stylus Graphing Calculator – 4 stars on AmazonTime for upper-level math classes? This graphing calculator has a 4.8 inch touchscreen with a stylus. The calculator also has an advanced computer algebra system for all those tough-to-solve math problems. iHome IBT29 Bluetooth alarm clock – 4 stars on AmazonDoes your student have a hard time waking up? The iHome Bluetooth dual alarm clock radio with speakerphone may be the solution (and it changes colors, which is just cool.) The alarm can be set to Bluetooth audio, FM radio or built-in tone. Pixie (4-pack) – 3 stars on AmazonDoes your student lose things often (who doesn’t?) The Pixie shows you at a glance the exact distance in feet and inches to the lost item, according to Amazon. Click here to scroll through a slideshow of the items listed above. 1756

SAN DIEGO (KGTV) - May is Maritime Month in San Diego and the best chance to learn all about San Diego Bay's regional importance for free!The Port of San Diego will offer free tours as part of its annual Maritime Month celebration. During May, the Port offers free bus and boat tours of San Diego Bay.Bus tours depart from Pepper Park in National City and will take guests on a tour of San Diego's shipbuilding and repair yards, the Tenth Avenue Marine Terminal (where the Dole ship often is) and National City Marine Terminal.RELATED: San Diego museum members get in free during 'Big Exchange'Bus tours are set for May 17 and 24 at 10 a.m. Seating is limited.Boat tours will depart on Hornblower vessels from Pier 1 in San Diego and travel through scenic San Diego Bay.Tours bring passengers to San Diego's shipbuilding and repair yard, and Tenth Ave. and National City terminals as well. The tour will also stop at the Port's Marine cargo terminal.RELATED: National Bike Month kicks off in San DiegoBoat tour dates are set for May 19 and 20 at 10:45 a.m. and 1:15 p.m. each day.For more information or to RSVP, visit the Port's website. 1156

SAN DIEGO (KGTV) — Legoland debuted a new land for youngsters as well as a train attraction for park guests Thursday.Park officials welcomed in the addition of Duplo Playtown and a new mini-locomotive in a ribbon cutting with families from Ronald McDonald House Charities. A special check presentation of ,000 was also made to Ronald McDonald House. The park says the new Duplo Playtown will give guests the best views of Miniland U.S.A. from high atop the theme park. The land is geared for kids five and under and features ten interactive areas with sounds and games to entertain.The new mini-locomotive, the Legoland Express, was also unveiled. The ride will sit at the edge of Fun Town, perfect for children to experience their first theme park ride and views of the park. 787

SAN DIEGO (KGTV) -- In just hours, Rady Children's Hospital is expected to get their first shipment of the Pfizer COVID-19 vaccine. It is unclear how many doses the hospital will receive, but once they arrive they will be stored in ultra low temperature freezers, until they are given to hospital staff. FedEx is in charge of making the historic delivery.The hospital's chief operating officer, Dr. Nicholas Holmes, says most of the hospital's staff wants to get the vaccine. It will not be mandated, since it's only approved for emergency use. The first to get the vaccine at the hospital will be front-line healthcare workers in the 1-A category. The category includes physicians, respiratory therapists, nurses, and other staff who have high chances of exposure to the virus. Dr. Holmes says a team at the hospital spent the last four days planning the logistics for distribution. Staff working in the same departments will get the vaccines on a rolling basis, just in case they experience side effects and to prevent an entire department from having to miss work at once. Once the staff receives it's first dose, they'll get a second dose 21 days later. 1166

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