Friday, April 25, 2025

Bought cars from Germany – now he is bankrupt

The bankruptcies among the Danish car dealers continue. Now a dealer in Grindsted has also broken his neck.

Several car dealers with Danish CVR numbers have recently gone bankrupt. Among other things, it has happened to a car dealer who swindled a celebrity. Read more about it here.

And now another car dealer joins the chorus of bankruptcies. This time it is a dealer in Grindsted who sells and leases used cars, which turns some people around.

That's what Jutland Vestkysten writes.

The business opened in 2021 and thus only managed to exist for quite a few years, because it is all over. Edwin Donald Apel, who is one of the three owners, explains to the newspaper why his business is now a thing of the past.

READ ALSO: Toyota refuses to spend more money on these cars

This is due, among other things, to the corona pandemic and the investment in some defective cars from Germany, as Apel explains it.

However, a million dollar loss in the business is not the only thing the used car dealer's latest accounts tell about the business. There is also a debt in the company.

The equity shows a minus of DKK 740,000. However, the debt is so small that the owner hopes that the business can survive. But it will require funds from a new investor and that there is enough money in the company for the debt to be repaid.

Other car dealers are on the verge of bankruptcy with somewhat greater speed. This has happened, among other things, on Bornholm, where a bankruptcy has meant, among other things, the disappearance of an entire car brand from the island. Read more about it here .

Read more exciting news from and about the world of cars right here!

Latest

Boosted Magazine
Boosted Magazine
Boosted in Denmark has over a million unique users, surpassing two million sessions, and accumulating over seven million page views each month, and our platforms has become a hub for automotive enthusiasts. Now you can enjoy our content in English too! Enjoy our free car news - every day. Want to talk to us? Write an email to boosted@boostedmagazine.com
spot_img

Another car brand gives up on building only electric cars

There simply aren't enough customers for electric cars. So now another car brand is putting its goal of building only electric cars on the...

Nissan confirms: Next GT-R will NOT be an electric car

There won't be any electric cars. At least not when it comes to the next Nissan GT-R in the line. Instead, it will keep...

Despite 30,000 complaints – Ford denies defects in unpopular engine

In one Facebook group alone, 30,000 members are complaining about problems with Ford's Ecoboost engine. But the car brand denies that the unpopular design...

The EU will tighten rules for car inspections – here are the requirements

It should be more difficult for a car to pass a periodic vehicle inspection. That's the opinion of the EU, which will now tighten...

Your car is dirtier than the toilet – here's the worst part

A study from Aston University shows that the trunk of used cars in particular is full of bacteria. And that it gets worse over...

Huawei to build world's fastest charger for electric cars

Chinese tech giant Huawei has launched a 1,500 kW fast charger. All to get ahead in the race for fast charging against, among others,...

The 10 best-selling cars in Denmark are all electric cars

Danes don't exclusively buy electric cars. But for the first time ever, the entire top 10 on the sales lists consists only of electric...

Auto giant warns – expects losses of 33 billion

Nissan's new CEO Ivan Espinosa is battling a loss of 33 billion kroner. Several car models are being discontinued, and the Sunderland factory is...

Saved up for Ferrari for 10 years – died after 1 hour

Japanese music producer Honkon's dream of a Ferrari 458 Spider burned out just an hour after delivery. His 10 years of savings literally went...

Is your car on the list? These electric cars wear out their tires the most

Electric cars are heavier than petrol and diesel alternatives. That's why electric cars also wear out their tires faster. Some are much worse than...

Porsche boss accused of hate speech – wants to blow up mountain

Wolfgang Porsche, chairman of Porsche SE, wants to build a 500-meter tunnel and garage under his home in Salzburg, but it requires blowing up...

New Mazda comes to Denmark with 100-inch screen

The Mazda EZ-60, which is called the CX-5e in Europe, is actually a Chinese Changan Deepal S07. The car comes to Denmark with a...