After entering March, the car market saw another small peak in price cuts, with 9 car companies announcing price reductions. According to statistics, the current price reduction trend is mostly concentrated in the new energy sector, with vehicle price adjustments starting at 10000 yuan and the highest cash discount reaching 47000 yuan. In the long run, the wave of price cuts in the car market may continue for a period of time. According to the analysis of Huachuang Securities research report, due to the fact that the prices of joint venture vehicles and electric vehicles have not yet reached the bottom, and the spatial range is relatively large, it is expected that the price pressure of 2023 will continue in the car market this year.