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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) — Mark your calendars, Padres fans. The team is giving its first look at next year's new brown uniforms this fall.The Padres are set to debut their new 2020 uniforms at an event on Nov. 9 at Petco Park, a team spokesperson confirmed to 10News. The news originally dropped after President of Business Operations Erik Greupner revealed the date on Twitch.Since January, fans have waited in anticipation of seeing the new brown uniforms after the team announced the color change. The team had until May to submit their final proposal for the new threads the Friars will wear.RELATED: San Diego Padres introduce Jayce Tingler as new managerPadres' Yates wins Baseball Digest's top reliever awardFocus group testing was held, giving select fans a peak at variations featuring brown and gold combinations. The Padres haven't released a sample of the uniform yet though.The change comes as Nike inked a 10-year deal to be the MLB's official uniform and footwear supplier starting in 2020. Some form of brown and mustard was used in Padres' jerseys until 1984. The inclusion of brown was abandoned after the 1990 season when the team took on a blue and orange color scheme. Brown only began making its way back into the Padres' uniforms in 2016, when the team featured it as throwback uniforms for select games.But the hope now for many fans: New Padres threads, young talent, and a world championship on the horizon. 1434

SAN DIEGO (KGTV) — Jessica Mattly was all smiles Thursday, ironically, thanks to the state Employment Development Department.“For the first time they called me,” she said. “I didn't call them. It was great.”A representative from the EDD, which issues unemployment insurance payments, called Mattly to tell her that they finally processed her application for jobless benefits. They’d begin by sending her four weeks of backpay.Mattly’s had been trying to get through to the EDD since she lost her job at a San Diego resort in late March, when Coronavirus restrictions went into effect. She filed for unemployment immediately, but like thousands of other San Diegans, got a request from the EDD for identity verification.She submitted the necessary documents, but never heard anything back.“I would just keep dialing, and keep dialing, and keep dialing, and I understand the definition of insanity. I do. And it felt like that was my only option,” she said.Mattly kept running into walls, until she turned to State Sen. Ben Hueso’s office, which contacted the EDD on her behalf.That lead to Thursday's phone call.Others, like Audee Kammer - just wouldn't take no for an answer.The EDD denied her identity documentation twice. She called hundreds of times - finally appealing the denials and getting a telephone hearing with a judge, who authorized payments.“I could see how some people, it could just throw them into deep depression and despair,” she said. “I feel for a lot of people out there that are in my same situation that I was and don't have the drive to keep knocking on that door.”Meanwhile, the latest state numbers show more than 230,000 San Diego County residents are unemployed.The EDD says its funding has increased drastically since the pandemic began and is now undertaking a massive hiring effort.It has filled 900 new positions to process an unprecedented amount of claims - with an additional 1,900 openings.Sen. Hueso represents the 40th Senate District, which includes portions of the County of San Diego and all of Imperial County. If you don't reside in District 40, you should contact your elected representatives for your area. To find your representative, click here. 2201
SAN DIEGO (KGTV) -- Leonardo Hurtado Ibarra is being remembered as a family man with a complex and troubled life.“He’d always keep a smile on his face regardless of whatever he was going through," Abril Huerta told ABC 10News.Ibarra, 25, was shot and killed after allegedly pointing a revolver at a San Diego Police Department officer in Downtown San Diego on Saturday night.According to police, officers recognized Ibarra from a wanted poster in connection with a robbery that happened last week. Police said officers tried to talk with Ibarra but he walked away.Ibarra then dropped some items from his arms and "reached into his waistband," according to police. That's when officers, fearing for their lives, opened fire, police said.RELATED: SDPD release surveillance video, body cam footage from officer-involved shooting in Downtown San DiegoABC 10News asked Huerta if Ibarra was known to carry a weapon. She said Ibarra "wasn’t a saint" and that he had a "complicated background."Ibarra was sentenced to three years in prison stemming from a domestic abuse case in 2013, according to court records obtained by ABC 10News.Huerta, who said she was the love of Ibarra’s life, told ABC 10News that he leaves behind three children.“He loved his family," Huerta told 10News in a statement. "He was the most loyal individual you could ever meet and he’d give you the shirt off his back if you were in need."“He only wanted to defend himself from any harm that were to come his way,” she said. The police department has not released the names of the officers involved in the shooting. The case will be reviewed by the county District Attorney's Office to determine if the officers are subject to any criminal liability, according to police.San Diego Police could not comment further while the investigation is ongoing. 1824
SAN DIEGO (KGTV) — It's been a tumultuous year for East Village's Monkey Paw Brewery.The local brewing company was purchased by Coronado Brewing Company in July 2017, put up for sale in May of this year, and closed its downtown San Diego brewpub Monday.Coronado Brewing Company (CBC) CEO Brandon Richards said in May, months after finalizing the purchase, the sale was part of a refocusing for CBC.RELATED: Miramar's Intergalactic Brewery is closing its doors"While we were excited about the potential of Monkey Paw, the decision to sell came from the need to refocus our energy toward Coronado Brewing," Richards said. "We’re confident that the award-winning Monkey Paw brewery has brand equity that can be of value to someone looking to enter the craft industry."CBC said they would keep the downtown brewpub open while fielding offers for Monkey Paw.However, Richards told 10News Tuesday they are still looking for a buyer for the brand and are now determining the best use for Monkey Paw's former space.Richards added that CBC is currently producing Monkey Paw beers on an as needed basis.RELATED: Novo Brazil Brewing announces new?Chula Vista locationMonkey Paw had amassed a list of awards, including wins at the San Diego International Beer Competition, Los Angeles International Beer Festival, Great American Beer Festival, and World Beer Cup.Though soon after CBC's purchase of the brand, Monkey Paw's founder Scott Blair filed a lawsuit against Monkey Paw for breach of contract, according to Brewbound.Blair claimed Monkey Paw owed him ,534, plus interest, as part of a promissory note. Blair said he had not received any payments, which were to be made monthly, since Oct. 2017.At the time CBC announced the sale, Richards told Brewbound the decision was not a result of the pending lawsuit. 1859
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