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SAN DIEGO (KGTV) - People looking to buy a new or used car may have to hurry if they want to take advantage of the Coronavirus Pandemic's best deals and discounts.Recent studies from the California New Car Dealers Association show that sales of new cars in San Diego were down by 18.6% in the first quarter of 2020 compared to the same time of 2019. That's better than the state average of 21% but still worrisome for the industry.President Paul Dyke says his dealership saw sales drop in the 10-15% range at El Cajon Ford. But he says the company did a great job of offering deals to bring people into the lots, such as low-interest financing, long term payment plans, and lower prices."Zero percent is always something that gets people moving," says Dyke. "Now for the first time in Ford's history, doing it at 84 months on quite a few of the models really kept things going."The CNDCA says the Pandemic forced the industry to readjust its outlook for the year. They now predict new car sales to reach about 1.5 million in 2020, down from 2.1 million in 2019. If sales stay slow, it could be the worst year for new car sales since the Great Recession.Meanwhile, used cars are flooding the market as rental companies upgrade their fleet.Hertz recently filed for bankruptcy. The company iSeeCars.com did a study on their prices and found that Hertz was offering sales discounts in May that were 43% greater than the discounts they offered in April."There are still plenty of deals to be had," says Amada Lasik from iSeeCars.com. "That's especially true for cars that have been lingering on lots for a while, so we invite consumers to do as much research as they can."Manheim, a company that does used car auctions across the country, says used cars have been staying on lots for longer than usual. According to their data, almost 64% of used cars sold within 30 days back in February. By March, that number had dropped to 53%. The longer a car stays on the lot, the more likely a dealer will offer it at a lower price.Manheim also found that used car sales were down 34% in April compared to 2019, while wholesale used car prices dropped more than 11%.All that being said, experts believe these numbers will bounce back over the summer as restrictions ease.Dyke says his most significant concern for the industry is inventory. Since factories were closed for several months during the Pandemic, dealerships won't have as many cars to sell in July and August.Dyke says the companies will raise prices and eliminate the deals as demand increases while supply dwindles. 2574
SAN DIEGO (KGTV) -- Power has been restored throughout San Diego County following outages amid high winds and dry conditions. Earlier this week, SDG&E said forecasted conditions that may affect power lines prompted them to consider pulling the plug on customers over public safety.Santa Ana winds swirled across the county Wednesday, with the height of the event possibly coming on Halloween, as winds turn offshore Tuesday night through Thursday, matching — if not eclipsing — wind speeds compared to last week's Santa Ana event. RELATED: Check 10News Pinpoint Weather ConditionsA Red Flag was issued from 11 p.m. Tuesday through 6 p.m. Thursday from San Diego's inland communities to the mountains.SDG&E crews began the process of restoring power to communities Wednesday afternoon."Before noon, we restored power to more than half of the approximately 25,000 impacted customers," SDG&E posted on twitter.(1/2) Our field crews continue making progress throughout the region as they work hard to fully restore customers still without power. Our highly-trained electric team is experienced and dedicated to maintaining the highest standards of safety. pic.twitter.com/k84SAbfaBa— SDG&E (@SDGE) October 31, 2019 1234
SAN DIEGO (KGTV) - Police are investigating the suspicious death of a man whose body was found near several Logan Heights businesses. 146
SAN DIEGO (KGTV) -- Police are searching for a woman suspected of shooting a woman in the Southcrest area Monday morning.San Diego police said officers were called to the 900 block of South 39th Street just after 7 a.m. in response to a person injured in a shooting.Officers arrived to find a woman with a gunshot wound to her chest. She was taken to UC San Diego Medical Center, but her condition is unknown as of 10 a.m.Witnesses told police the suspected shooter, a woman, fled the scene in a silver sedan.Moments after the shooting, the California Highway Patrol received a report of a crash on Interstate 805 near state Route 54 involving the vehicle believed to be driven by the suspected shooter.CHP officials believes the suspected shooter may have been injured in the crash but left the scene.Police are checking to see if the woman sought treatment at any area hospitals. 889
SAN DIEGO (KGTV) — Palomar College has placed its president on leave pending an investigation.The college district announced Wednesday that Superintendent and President Joi Lin Blake was placed on paid leave following a report warning of the college district's fiscal instability.“It is my request that we all respect the privacy of all parties at this time. Doing so will allow us to focus on the important work of the District. Together, we will remain focused on student success, our response to the FCMAT report and building toward a successful spring semester," Kahn wrote in a release.RELATED:San Marcos parents sound off against superintendent's hiresSan Diego State's stadium effort gets -million donationThat Nov. 8 Fiscal Crisis Management Assistance Team (FCMAT) report identified several serious concerns regarding the district's fiscal health. The report cites that the college district's adopted 2019-20 budget will have a ,748,859 deficit. According to the district in the report, the 2018-19 budget had a ,220,001 deficit.The report stated that the district's salary and benefits costs "continue to increase year after year at a rate greater than revenue growth."The college district "has a high probability of fiscal insolvency in the near future" at its current pace, the report warned. The report adds that in two years the district "will have consumed all reserves and will be forced to borrow .5 million from an external source to remain solvent."The district said placing Blake on leave was not as a disciplinary action but "as a precautionary measure to protect all parties." In a corrected statement, the Palomar Community College District Board of Trustees said Assistant Superintendent and Palomar Vice President Jack Kahnh has assumed administrative responsibility of the district. An acting Superintendent/President was not named. 1877