Recession and Slow Down has affected immensely to the automobile sector and also to the Banking sectors. The banking sector has reacted the slow down by increasing rapidly the rates of interests on the Home Loans and this has created high quality difficulties in the living style of people. Homes are the basic necessities and no one can live without any of the shelter!!

Another event that has taken place is the sales of automobile sector. This is the worst hit sector as the buyers are no more buying the lavish and luxurious vehicles for their uses. This slow down is being reacted by the fact that the rates of the vehicles and tools are reduced remarkably and many of the rare vehicles are sold at quite a lower rate than expected.

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