A recent study of the car loans sector showed that a machine learning algorithm could make decisions that were 34% more profitable than salespeople in dealerships.
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In a landmark case for the Australian automotive industry, the Federal Court has ruled Mercedes-Benz is free to set fixed prices and sell direct to customers, rather than let dealerships haggle.
Higher interest rates reduce demand for goods and services, which makes it harder for companies to raise prices. But there are risks as well.
