Raphael Stevens

Ford’s franchised dealers will be able to sell certified preowned vehicles through Amazon.
The new program will let customers secure financing, start paperwork and schedule a pickup time for vehicles at participating Ford dealers, the companies announced Monday.
The deal comes a year after Amazon said it would allow auto dealers to sell cars through its site, starting with vehicles from South Korean automaker Hyundai.

A Ford logo on a Ford F-150 pickup truck for sale in Encinitas, California, U.S. Oct. 20, 2025.
Mike Blake | Reuters

DETROIT — Ford Motor is partnering with Amazon to let the automaker’s franchised dealers sell certified preowned vehicles through the online retail giant.
The new program will allow customers to secure financing, start paperwork and schedule a pickup time for the vehicles at participating Ford dealers, the companies announced Monday. Some steps, such as a final signature, may still need to be completed in person, Ford said.

The deal comes two years after Amazon said it would allow auto dealers to sell cars through its site, starting with vehicles from South Korean automaker Hyundai.
The deals between Amazon and the two automakers differ, though, as Hyundai’s involves new vehicles rather than certified preowned. CPO vehicles are used but have been inspected, refurbished and certified by the manufacturer or dealer. They’re considered a better quality of used vehicles than cars without the designation and have warranties, like a new vehicle.
Amazon earlier this year also partnered with car rental company Hertz to sell used vehicles through its site.

Ford on Monday said more than 160 of its roughly 2,900 U.S. retailers have “raised their hands” and started the process with Amazon. Thus far, about a dozen have fully onboarded and launched, with about 10 more launching next week, the company said.
“The addition of Ford certified pre-owned vehicles to Amazon Autos represents an exciting expansion of our store, giving customers access to thousands of quality vehicles backed by Ford’s comprehensive inspection and warranty programs,” Fan Jin, global leader of Amazon Autos, said in a release.

Read more CNBC auto news

Ford said it will offer a 14-day or 1,000-mile money-back guarantee, whichever comes first, on vehicles sold through the Amazon tie-up. The automaker also will offer three CPO certification levels of vehicles, with varying warranty coverages.
Ford said CPO vehicles are now available on Amazon Autos in Los Angeles, Seattle and Dallas, with plans to expand to additional cities in the coming months.
With Amazon’s partnerships with Hyundai and Ford, the franchised dealer is still the end seller. Traditional automakers have complex relationships with dealers that are backed in many states by laws that make it difficult or illegal to bypass franchised dealers and sell new vehicles directly to consumers.
There are less stringent laws regarding used vehicle sales, which makes it easier for companies such as Carvana, Hertz and others to sell preowned cars and trucks online directly to consumers. More

Novo Nordisk said it is lowering the direct-to-consumer prices of its blockbuster weight loss drug Wegovy and diabetes counterpart Ozempic to $349 per month from $499 per month for existing cash-paying patients.
The company also launched a temporary introductory offer, which will allow new cash-paying patients to access the two lowest doses of the drugs for $199 per month for the first two months of treatment.
The announcements come days after President Donald Trump struck deals with Novo Nordisk and chief rival Eli Lilly to make their popular GLP-1 drugs easier for Americans to access and afford.

Boxes of Ozempic and Wegovy made by Novo Nordisk at a pharmacy in London on March 8, 2024.
Hollie Adams | Reuters

Novo Nordisk on Monday said it has cut the direct-to-consumer prices of its blockbuster weight loss drug Wegovy and diabetes counterpart Ozempic, adding to efforts by the company and the Trump administration to make the treatments more accessible. 
The Danish drugmaker is lowering the price of the drugs for existing cash-paying patients to $349 per month from $499 per month. But Novo Nordisk said the cash-pay cost of the highest dose of Ozempic will remain $499 per month. 

Also on Monday, Novo Nordisk launched a temporary introductory offer, which will allow new cash-paying patients to access the two lowest doses of Wegovy and Ozempic for $199 per month for the first two months of treatment. After that period, people move to the new standard monthly direct-to-consumer price. The company’s introductory offer ends on March 31. 
The announcements come days after President Donald Trump struck deals with Novo Nordisk and chief rival Eli Lilly to make their popular GLP-1 drugs easier for Americans to access and afford. Those agreements will involve cutting the prices the government pays for the drugs, introducing Medicare coverage of obesity drugs for the first time for certain patients and offering discounted medicines on the government’s new direct-to-consumer website launching in January called TrumpRx. 
“Our new savings offers provide immediate impact, bringing forward greater cost savings for those who are currently without coverage or choose to self-pay,” said Dave Moore, Novo Nordisk’s head of U.S. operations, said in a release. “It is part of a larger strategy to expand access that includes building relationships with telehealth providers and major retailers, expanding coverage, and working with the Administration to lower costs for people living with chronic diseases like obesity.”
The Trump administration said starting doses of existing injections like Wegovy and Eli Lilly’s weight loss drug Zepbound will be $350 per month on TrumpRx, but will “trend down” to $245 per month over a two-year period. 
On the day the deals were announced, Eli Lilly said it would lower prices by $50 on its own direct-to-consumer platform, LillyDirect, which already offers Zepbound at a discount to cash-paying patients. The multidose pen of Zepbound will be available at $299 per month at the lowest dose, with additional doses being priced up to $449 per month.
Novo Nordisk’s new cash-pay offers are available through Wegovy.com or Ozempic.com, the company’s direct-to-consumer pharmacy, NovoCare, and other participating organizations and telehealth providers that work directly with the drugmaker, including Costco, GoodRx, WeightWatchers, Ro, LifeMD and eMed.  More

Jeep has been in a rut this decade and is hoping for a turnaround.
The iconic SUV brand has experienced six consecutive years of U.S. sales declines amid a leadership carousel, dearth of new products and a push into luxury.
As part of a plan to get back on track, the brand is revealing its fourth new product in four months this week called the Jeep Recon, a Wrangler-inspired, all-electric SUV.

2025 Jeep Cherokee SUV
Stellantis

AUBURN HILLS, Mich. — Jeep is betting Americans still love a good comeback story.
It’s a mantra that’s reverberating through the quintessential SUV brand — from its CEO to a marketing campaign with LL Cool J — following yearslong sales and market share declines that have taken a toll on Jeep and its parent company, Stellantis.

“This isn’t just a comeback. This is the Jeep brand reclaiming a segment we invented and defined,” Jeep CEO Bob Broderdorf said during a recent media event.
Jeep has been in a rut this decade, despite the brand’s well-known off-road capabilities that have carried it for most of the past century. It has experienced six consecutive years of U.S. sales declines amid a leadership carousel, dearth of new products and a failed premium pricing strategy to boost profits.
But now, the coveted SUV brand has realigned pricing across its lineup, scored its best quarterly sales gain in more than two years and is in the midst of its largest mainstream product blitz this decade.
“We’re going to grow, grow and grow,” Broderdorf told CNBC sitting in a redesigned 2026 Jeep Grand Wagoneer at the company’s design dome in suburban Detroit. “That’s the mission. And do it in a healthy way.”

Then-head of Jeep North America Bob Broderdorf speaks during the Stellantis press conference at the AutoMobility LA 2024 auto show at the Los Angeles Convention Center on November 21, 2024.
Etienne Laurent | AFP | Getty Images

The redesigned Grand Wagoneer is symbolic of the brand’s troubles and comeback attempt. It was Jeep’s foray into luxury — topping $111,000 fully loaded in 2021 — that was relatively overpriced and overcomplicated compared with its peers and experienced several production and quality issues.

The redesigned model lineup is less expensive, simpler and better positioned against other large American SUVs rather than foreign competitors such as Land Rover. Its production issues also have eased.
“We confused our buyers. We confused our dealers,” Broderdorf said at the media event. “I’m here to tell you we got the message. We’re fixing it.”
But some things take longer than others to fix in the automotive world. The brand’s sales remain significantly lower than expectations, and Jeep’s overall quality problems remain a work in progress after the realignment of its vehicles and pricing strategy.

“This is one of the areas that needs to improve. We have been improving, but proof is in the pudding,” Broderdorf told CNBC.
Among 32 major automotive brands, Jeep ranked last in Consumer Reports’ annual grading last year that includes a combination of road-test scores, safety ratings and predicted reliability and owner satisfaction data.
Most recently, the brand announced a recall of more than 320,000 plug-in hybrid Wrangler and Jeep Grand Cherokee models due to a risk of fire. The company filed a recall late last month with the National Highway Traffic Safety Administration, but no remedy has been released.
The company said a solution involving a software update to the high-voltage battery pack control module of the vehicles to improve diagnostic capability for early detection of internal battery damage is expected in December.

Jeep Recon

The recall comes at an inopportune time, as Jeep launches a Wrangler-inspired, all-electric SUV called the Recon. The vehicle will be revealed this week ahead of the Los Angeles Auto Show after first debuting as a concept vehicle in 2021.
The Recon was initially hailed as key to the Jeep brand’s future, with executives saying it would help the company become a leader in all-electric vehicle sales, including a prior plan for the brand to achieve 50% EV sales in the U.S. by 2030.

Electric Jeep Recon SUV.

But expectations have diminished as Stellantis appointed a new CEO and demand for EVs slowed amid regulatory changes, including the end of up to $7,500 in federal incentives in September to purchase a plug-in electric vehicle.
Broderdorf said the end of federal incentives are expected to impact sales across the industry, including with the Recon, but the new SUV functions as an EV “bookend” alongside the sportier Wagoneer S for the Jeep brand’s electric portfolio.
“I’m not going to just chase volume just to chase volume,” he said during a recent media call. “I want to sell cars in the right way. Everybody who wants a [battery-electric vehicle], Recon, I want to make sure that we’re there for them. After that, it doesn’t really matter to me.”
The Recon is being produced at Stellantis’ Toluca Assembly Plant in Mexico alongside the Wagoneer S, Jeep Compass and the new Jeep Cherokee, which is being offered exclusively as a hybrid vehicle.
Broderdorf, who started leading the brand in February, said the plant can easily adjust to produce the higher-volume Compass and Cherokee depending on demand for EVs. Both gas-powered vehicles also are expected to be produced in the U.S. in the coming years for additional flexibility.
Several automakers reported major declines in their EV sales in October following the end of the federal incentives as well as the Trump administration eliminating fuel economy and emissions fines, which EVs helped offset.

Electric Jeep Recon SUV

Jeep has released few details about the Recon other than it will be a “brother” to the Wrangler — Jeep’s iconic, off-road and open-air SUV. Jeep previously touted a smaller concept version of the vehicle achieving 0-60 miles per hour in roughly 2 seconds.
The Recon is the last of four new vehicles Jeep is revealing in four months. It started with the crucial new Cherokee SUV, followed by updated versions of the Jeep Grand Cherokee and Grand Wagoneer.
Prior to the Jeep Wagoneer S last year and upcoming Recon, Jeep was focusing on electrified sales of plug-in hybrid electric versions of its Wrangler and Grand Cherokee rather than all-electric vehicles.

American comeback?

Part of Jeep’s “comeback” has included an aggressive push in new marketing and advertising campaigns that have included actor and musician LL Cool J and a raunchy ad campaign featuring comedian Iliza Shlesinger for the Jeep Grand Wagoneer.
The campaigns, led since June by Jeep’s new vice president of marketing and communications Wendy Orthman, are consistent with Broderdorf’s comeback mantra, including featuring LL Cool J’s “Mama Said Knock You Out.”
“Don’t call it a comeback. I been here for years,” the iconic rapper and actor says in the song featured in the ad campaign, calling Jeep “the original influencer.”

The marketing and advertising efforts help, but the most important thing for the company remains new products, specifically the Jeep Cherokee that competes in the highly popular compact/midsize SUV markets, industry watchers said.
“They’re still trying to fix things, getting the pricing right, getting the product right,” said Stephanie Brinley, associate director in AutoIntelligence at S&P Global Mobility. “But there’s a lot of potential, especially with the Cherokee coming back. There’s a lot still coming on in the pipeline, and I think it’ll position them in a good space.”
The company axed a prior version of the Cherokee as well as a smaller SUV called the Renegade amid profit pressures under former CEO Carlos Tavares in 2023.
Jeep’s sales through the third quarter of this year were up less than 0.5% compared with a year earlier. Jeep’s U.S. market share has fallen from 5.4% in 2019 to 3.7% since 2024, according to Cox Automotive.
Jeep’s been dealing with a spiraling sales decline that started after the brand reached an all-time high of more than 973,000 SUVs sold in 2018. The brand’s sales have fallen 40% since then to less than 590,000 units last year in the U.S.
As sales plummeted, Jeep’s average transaction prices, or ATPs, were around $54,000 during 2023-24 — well above the industry average of roughly $48,500 or less during that time period, according to Cox Automotive.

Jeep’s ATPs through the third quarter of this year were less than $49,800, according to Cox. That remains a premium over the average industry of $48,588 but is far lower than prior years.
One thing that hasn’t been declining this year for Jeep is its inventory levels, according to Cox Automotive. Jeep had the highest days’ supply of any major brand other than Ford’s Lincoln at 146 days in October. The industry average for days’ supply, which calculates the amount of days of inventory dealerships have based on recent sales, was 88 days, Cox reports.
“Looking at mainstream brands, recent inventory trends reveal that some manufacturers may be edging toward overstocked territory as consumer demand shifts,” Erin Keating, Cox Automotive executive analyst, said in a blog post Thursday, citing Jeep specifically.
Jeep’s comeback plan started with Stellantis CEO Antonio Filosa, who previously led the brand. It has accelerated, with the Filosa’s support, under Broderdorf.
“It’s not like ’26 is going to be a 1-million-unit year because they’re fixing things. Once you kind of get off track, getting back on track can take a little bit of time as well, but it starts with product,” Brinley said. “And that’s what they have coming in 2026.” More

Mark Wahlberg paid $37 million for a fully furnished mansion in Delray Beach known as Palazzo di Lago.
The megahome’s price more than doubled since 2020, outpacing other luxury real estate markets.
One listing agent sold the single-family home four times in five years, in transactions totaling $106 million.
Palazzo di Lago is located Stone Creek Ranch, one of Delray Beach’s most exclusive gated communities with just 37 residences.

Actor-entrepreneur Mark Wahlberg paid $37 million for a fully furnished mansion in Delray Beach, Florida last month. The deal piqued interest and prompted coverage from TMZ to the Architectural Digest, with most of the focus on the celebrity buyer.
But aside from the name recognition, the home’s skyrocketing price over the past five years also makes it stand out.

The actor’s transaction in October marks the home’s fourth sale in that same time period, and a dramatic 118% price increase from its sale in January 2020 when the fully furnished mansion traded for $17 million.

The grand entrance to the almost 17,800 sq ft estate known as Palazzo di Lago.
Daniel Petroni

The estate, located at 9200 Rockybrook Way, saw a rise in value that outpaced not just the local market, but also many of the top luxury markets in America.
In Delray Beach, the average sale price for a single-family luxury home, represented by the top 10% of closed sales, rose by just over 78%; Los Angeles was up 30%; the Hamptons rose 44%; and Manhattan increased just 4.5% according to Elliman Report data from the first quarter of 2020 to the third quarter of 2025.
The home’s steep rise in value even outperformed the S&P 500, which was up about 100% over the same time period.

One mansion, four sales

The massive resort-style pool in the backyard is flanked by adult palms, a jumbo chess set, fire features, and a waterfall with a grotto below and a hot tub on top.
Daniel Petroni

Remarkably, the residence has traded hands four times since 2020. Just one real estate broker represented the listing in all four transactions, making the soaring value of the seven-bedroom 10-bath mansion even more unique.

Back in 2020, Douglas Elliman real estate broker Senada Adzem represented the original owners of 9200 Rockybrook, when the house was known as the Sundara estate. Three years later, Adzem represented the mansion’s second owners who listed the home again, when it sold for $26 million, up 53% in just three years.
A little over a year after buying the place, public records show a trust connected to William Cafaro, the co-president of a retail property development company in Niles, Ohio, and the home’s third resident decided to sell. Adzem was once again the listing agent.
This transaction was more unusual. Cafaro sold the home as part of a larger $50.5 million deal to purchase a Ferrari-inspired mansion less than half mile up the road in Stone Creek Ranch. Casa Maranello, as it’s known, was being sold by local developer Aldo Stark, of Prestige Design Homes, with Adzem as the listing agent.
Cafaro paid for the new home with $24.5 in cash, plus the deed to 9200 Rockybrook Way, which was valued in the deal at the same price he’d paid for it: $26 million. 
When that sale closed in January 2025, Stark became the fourth owner of the mansion and he immediately started a dramatic multimillion-dollar renovation of the almost 17,800-square-foot megahome. He scrapped the old Sundara name and clad the home’s old sheet-rocked walls in polished rare stones and bold high-gloss Guyana wood from Brazil.

A side-by-side before and after of the foyer’s grand staircase. Stark added a 30-ft tall vegetation wall and finished the adjacent walls in high-gloss Brazilian wood.

He installed vibrant green vegetation above a grand stairway and into the ceilings.
Stark completely reimagined everything from the kitchen to the clubroom and filled the residence with bespoke furniture.

The kitchen before.
Daniel Petroni

The kitchen after. The new-look includes counters clad in Orobico Grigio marble, floor-to-ceiling walnut cabinetry, vegetation accents in the ceiling and 30 tear-drop shaped light fixtures.

And about two moths after closing, the megahome was listed for sale for a fourth time.  
Reemerging with a new look, new name, and a new price tag, one of the few things to remain the same was that Adzem was once again the listing agent.  

The lounge bar before.
Daniel Petroni

The lounge bar after.
Daniel Petroni

The home, now called Palazzo di Lago, debuted with an ambitious $45 million asking price, $19 million more than what Stark paid for it two months earlier and 165% more than what it sold for in 2020.
By October Adzem closed the fourth deal and delivered Palazzo di Lago to its fifth owner, who the buyer’s broker, Michael Costello of Compass, confirmed to CNBC was Mark Wahlberg.

One of the mansion’s two home offices clad in great wave marble.
Daniel Petroni

According to Florida’s Multiple Listing Service, the fully furnished mansion closed at $37 million, $11 million more than what Stark bought it for seven months earlier, and up 118% from its 2020 sale. 
And Adzem pulled off an uncommon feat in real estate, selling the same house four times in five years in transactions totaling $106 million.

Primary bedroom
Daniel Petroni

Five owners across five years seems like an unusually high turnover rate, but Adzem has a simple explanation.
“People’s circumstances change and they have different chapters in their life. So we were privileged to be able to guide this home through different evolutions and different owners and be able to add value to it,” Adzem said.
According to Adzem, the mansion’s remarkable appreciation was fueled by a multitude of factors. Here are the top five:

1. The pandemic

Adzem attributed a large part of the 54% rise in price from 2020 to 2023 to the pandemic, which made demand and prices for homes in South Florida surge.
“After Covid, our market definitely accelerated,” she told CNBC.

Her walk-in closet is Chanel-boutique inspired
Daniel Petroni

2. The ‘micro-market’

Some of the other market dynamics driving the price of Palazzo di Lago are unique to Stone Creek Ranch, which Adzem described as a luxury “micro-market.”
The exclusive gated community spans about 187 acres with 37 luxury homes each on about 2.5 acre lots. It’s a tight supply that’s seen pricing dramatically impacted by a wave of new construction homes that have traded at record-breaking prices. Those recent comps helped push the price of Palazzo di Lago higher.
Even the price of dirt in Stone Creek Ranch is on a steep rise. Back in 2013, the empty lot at 9200 Rockybrook Way traded for $800,000. In 2021, Adzem sold a comparable 2.5-acre lot for $1.7 million.
“The last one they traded was $6 million,” Adzem told CNBC. “However … there are no vacant lots left in this community.”
And Adzem believes a more than threefold rise in the price of dirt here is just the beginning. She points to the fact that 2.5-acre lots worthy of a megahome are hard to come by in Palm Beach County, and the dwindling supply in this neighborhood in particular will push lot prices even higher. 
“I feel like the dirt is going to double because the only upcoming potential sales would be teardowns.”

His closet takes inspiration from Tom Ford.
Daniel Petroni

3. The power of VIP neighbors

Another market driver: the tiny community’s growing list of VIP owners.
In 2021, billionaire hedge fund manager and owner of the New York Mets, Steve Cohen purchased the home next door to 9200 Rockybrook Way for about $22 million, according to MLS.
“[Potential buyers] typically do look to know who else owns in the community. That’s important to them,” Adzem said. 
Rich and famous residents can create a halo effect and make nearby real estate more desirable to potential buyers. And there’s no shortage of ultra-high-net-worth neighbors living nearby, including several present and former CEOs of Fortune 500 companies, a former NFL player and a pop star, according to Adzem and public records.
And now some might even see Walhberg’s new ownership as adding to the community’s allure. Meanwhile, developer Aldo Stark just finished construction and recently moved into his own 32,000-square-foot mansion.

Daniel Petroni

4. Wealth migration

Wealthy buyers looking to escape the tax burdens of their home states continue to see the tax advantages offered in Florida as a big draw and that helps drive and sustain demand.
“We saw a big influx and continued influx of buyers from California, from New York, from Connecticut, and they want what you see here,” Adzem told CNBC.  

The open-concept kitchen flows into a family room with faux vegetation that accents the ceiling.
Daniel Petroni

5. The multimillion-dollar renovation

Adzem also credited Stark’s renovation with adding to the estate’s value.
“He didn’t go neutral and he didn’t go very light with color scheme. He really wanted to make an impact and put his own taste here,” Adzem said.
Adzem and Stark would only characterize the expense as “a multimillion-dollar renovation,” so it’s unclear exactly how much it took to turn a home built in 2017 into the new Palazzo di Lago.
But Adzem told CNBC the dramatic renovation and the new “James-Bond-inspired vibe” were the final catalysts that delivered a buyer willing to pay a premium. More