It has been informed that the China's automobile market has been deeply affected by the global economic slow down. China is known to be one of the leading markets of automobile and components in the world.

The domestic automobile industry was equally good as its international performance. But after the recession and financial crisis the industry has lost its pace and the sales growth has been affected badly.

Some of the major automobile companies have already produced their April-June quarter financial results and it was not satisfactory and recorded below the expectation level. Some of the domestic car makers have already slashed their cost in the second quarter of the fiscal to enhance their sales but it was all resulted unsuccessful.

So far as global market is concerned, the Chinese auto industry was much ahead of the United States in the previous year. But, there has been a slow-down in the industry of almost 15-20% in the current year.

However, the market analysts predict that the domestic market will gather momentum in the month of September and soon it will come back on track.