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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) - Many of us have faced battles in 2020 we never imagined we would meet. But few have had to endure the hurdles of Bryce Olson."I started to come to terms with my own mortality," said Olson in November of 2018. "I didn't even think I would see my kid get out of elementary school, and I started losing hope."We have been following Bryce Olson's story for over two years. We profiled the Oregon man because he had been traveling to San Diego for research and precision therapies for his Stage 4 Metastatic Prostate Cancer. And then the pandemic hit."It makes me feel that I'm a sitting duck," added Olson back in March.Our Michael Chen revisited Olson nine months ago at the beginning of the pandemic. COVID-19 cases were on the rise, and Olson had to weigh the risk of traveling with a weak immune system or slowly dying without his treatment."It was kind of this Sophie's Choice issue of, you know I might die of cancer in the long term, but gosh COVID could kill me in the short term," said Olson just last week.But instead, something remarkable happened when Olson's story started spreading."And then your piece aired, and an amazing individual, super generous, kind individual saw that, and he had access to private transportation," said Olson with a smile.That good Samaritan was co-founder and former CEO of Sprouts, Shon Boney. He provided a private plane so Bryce could fly into San Diego for his treatments until he was healthy enough to fly commercially."He got me out of my shell," added Olson. "He got me back into San Diego, comfortable going into the hospital with my N95 mask and he increased my confidence in being able to do this."The timing was perfect. Olson couldn't spare another missed treatment. The cancer had spread to his spine, and within weeks he would have been unable to walk. But that was just the beginning of his renewed hope. WIRED then picked up Olson's story, which has led to even more attention, a consortium of his case study and the potential for revolutionary experimental therapies through Research to the People benefiting not just Olson but millions of other cancer patients."What's happened post WIRED is I've got all these researchers, scientists, and medical professionals that want to help me take this amazing set of data," added Olson. "And they'll use that and compare it with data that they have, and then make inferences if you will or hypothesize what I should do next."All of this has left Olson grateful in this Season of Hope. Grateful for Ashley, his girlfriend here in San Diego, and newfound love. Grateful for his daughter, who will get more time with her father than was first expected. And, of course, the medical community."I'm grateful for the amazing medical professionals, and scientists, and researchers that have helped me and get me as far as I am today," says Olson. "And who I know will help me live decades into the future. I'm grateful for that." 2945

SAN DIEGO (KGTV) -- In response to growing community outrage over a man who was released on bail a day after being arrested on attempted kidnapping charges, the San Diego County Sheriff's Department has released surveillance video of the incident in hopes of alleviating concern.The incident happened Sunday just before 3 p.m. in the parking lot of Costco Warehouse located at 1755 Hacienda Drive in Vista.A couple and their two small children were backing out of a parking stall when the suspect opened the rear vehicle door. The suspect attempted to remove the 2-year-old child from the car.Adam Glavinic, 37, was arrested for attempted kidnapping and being under the influence of a controlled substance and was booked into the Vista Detention Facility.Outrage ensued following reports that Glavinic was released from jail on a 0,000 bail the next day.WATCH: Growing outrage over attempt kidnapping suspect's release on bail"The Sheriff's Department in partnership with the D.A.'s Office are now releasing the video due to understandable concern from community members," said Lt. Ricardo Lopez, Media Relations Director for the San Diego County Sheriff's Department."It is understandable that anytime an incident involves a child in the vicinity of an event, it can produce fear and anxiety on the part of parents and community. This is why law enforcement prioritizes these cases and focuses on the evidence," said Lopez.The surveillance video the sheriff released Thursday night shows Glavinic walk up the driver's side of the family's white SUV. The SUV begins slowly backing out of the stall, and that is when Glavnic reaches for the rear passenger door handle. 1678

SAN DIEGO (KGTV) — Malls across San Diego County did not experience the rush of last-minute shoppers on Christmas Eve, as the coronavirus continues to take its toll on the economy and life in general."We used to have to have the employees park in a different section that was further away so it left the open spots for customers, we haven't needed to do that this year," said Caitlin Todd, manager at Grossmont Center's Prevue Formal and Bridal.Todd said other than Target and Sees, the mall has been less busy this holiday season. She said it's not just the economy, but also that the coronavirus has made in-person shopping a more practical matter. "With restaurants not having as much ability to have indoor dining or outdoor dining, it's been more of a 'come, get what you need and leave,' kind of shopping experience, versus an all-day thing with the family," she said. The virus has taken a toll on the retail industry, with employment in department stores down 28% compared to the same time last year. Malls have instituted social distancing, limited entertainment, and retailers are limited to 20% capacity - meaning lines to get in. Still, shoppers who needed to did make their to get those last minute gifts. Calob Ross drove from Escondido to Westfield UTC to get a gift only available at the Nordstrom at that location. He said he noticed all of the restrictions and the smaller crowds. "I feel like it might not be as busy due to people not wanting to go out and be in public with everything going on right now," he said, noting he had just gotten paid and wanted to use the money to get a gift in time for the holiday. 1641

SAN DIEGO (KGTV) -- Lifeguards are responding after several people got stuck while hiking above Blacks Beach. The three hikers could be seen in video just below the Torrey Pines Gliderport. It appeared the hikers didn't know whether to go up or down the cliff. At this time, it's unknown if anyone is inured. Sky10 is live over the cliffs. Watch the live stream in the player below:  416