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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 Asian American business owners continue to struggle during the pandemic, but a North County teen is hoping to help by creating a website to support local restaurants."I was hearing a lot of stories about Asians in my community experiencing discrimination during the pandemic," said 17-year-old Kaia Culotta.The teen said coming from a family of small business owners, she wanted to do something to help."I realized that there wasn't an easily accessible, comprehensible list of Asian owned businesses in my community," said Culotta. "So, I saw a need for that."For weeks, Culotta learned how to code through free programs online to build a website. The "Help Asian Owned Businesses" site has an extensive list of restaurants located around the county.Culotta said her project sparked the interest of San Diego City Councilmember Chris Cate. He even shared a video promoting the site on social media."It is awesome. It's such a neat thing to be doing out of the goodness of her heart," said Joe Kao, owner of R3fresh Juice Bar.After seeing Cate's video, the small business owner reached out to the teen to thank her for putting the site together.Kao said his business, like many others, had fewer customers during the pandemic. "We definitely saw a drop in business, but we've stayed open," he said.Kao applauds Culotta's work and thanks her for thinking of the county's small Asian business owners. 1430

SAN DIEGO (KGTV) — La Jolla is home to award-winning food, scenic ocean views, and possibly, America's best bathroom.That's right, the push for the country's best restroom is on and La Jolla's Hotel La Jolla, Curio Collection by Hilton, is in the running.The La Jolla hotel hopes to bowl over the competition hosted by Cintas Corporation, which provides hygiene and safety products and services to various industries. Ten bathrooms from around the country are being considered, including a bathroom with a disco ball in Chicago, a "Hobbit-inspired" bathroom in Wisconsin, and even one covered in 250 pounds of glitter.GALLERY: A look inside the La?Jolla bathroom up for best in the U.S.La Jolla's bathroom sits on the 11th floor of the hotel, flush with spectacular views of the region's coastline."Facing the coast, the large windows capture the natural, constantly changing ocean light, complementing the earth tones of the restroom interior. In this restroom, it’s common for guests to spend extra time washing their hands just to gaze out at the beautiful views," Cintas says.Bathrooms were chosen based on cleanliness, visual appeal, innovation, functionality, ad unique design.Voting for the best bathroom is being held online through Sept. 18. Whichever location logs the most votes takes the throne as America's best bathroom as well as ,500 in facility services provided by Cintas. 1455

SAN DIEGO (KGTV) — Light scattered showers fell throughout the day from Mission Valley to Carmel Valley.While Sunday's rainfall marked the first fall rain for the region, Alex Tardy with the National Weather Service said that rain will disappear by Monday. “We're looking at conditions that are bone dry, record dry. It’s never been this dry before and just a little bit of rain like this, while it's nice and we won’t have any fires [Sunday], once the dry air starts blowing through on Monday and continues into Tuesday, it's not going to make much of a difference,” Tardy said.RELATED: In-depth: Why La Ni?a could make wildfire season worseTardy said that San Diego may go long stretches without rainfall this season as we move into a dry La Ni?a winter. However, when the rain eventually comes, it could come in sporadic heavy storms. Tardy also added that the conditions will have fire crews on high alert for weeks. “It also means a delay in the start of our winter so we could be in for a very long fall period where we mostly see dry conditions,” Tardy says. “What that means for us is that fire danger [could be] continuing into the fall and well into the early winter.” 1186

SAN DIEGO (KGTV) -- Jack in the Box Monday announced that it’s looking into the possibility of selling the company. The company claimed in a press release it’s exploring several options to “maximize shareholder value.”Several of the options include the sale of the company or a previously announced plan to increase its leverage. RELATED: San Diego-based Jack in the Box suggests more kiosks, fewer cashiers as minimum wage risesThe company has already gone as far as to have discussions with possible buyers, though no timetable has been set. Jack in the Box is based in San Diego and is one of the nation’s largest burger chains with more than 2,200 restaurants in 21 states. 686