Germany's largest caravan company has declared bankruptcy.

The German automotive industry is going through quite difficult times. Many companies, from manufacturers to dealers, are struggling with financial crises.

GERMANY'S GIANT CARAVAN COMPANY HAS FILED FOR BANKRUPTCY

Recently, Auto und Freizeit Nord, which is considered one of the largest caravan dealers in Germany, has filed for bankruptcy.

FALLING SALES HAVE SHAKEN THE COMPANY

The company's bankruptcy was attributed to the decreasing demand for caravans despite the abundance of products. After the Covid-19 pandemic, people turned to caravans for independent travel, but this interest gradually diminished.

For the same reason, a car dealer also announced its bankruptcy in August.

EXISTING PRODUCTS WILL BE SOLD AT A DISCOUNT

Auto und Freizeit Nord, wanting to clear its vehicles as soon as possible, has launched a campaign. The company has reduced the prices of vehicles that are normally sold for 40,000 euros to as low as 30,000 euros.