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International Business Times UK
International Business Times UK
Rohit David

Major German Car Marketplace to Shut Down After Volkswagen Pulls Support: UK and German Jobs at Risk

Volkswagen Cinch United Kingdom Germany Constellation Kohl
Cinch and MeinAuto.de are shutting down after Volkswagen cuts funding, risking over 100 UK jobs and hundreds in Germany. (Credit: Eden Fc : Pexels)

Europe's automotive industry is reeling from a bombshell. Cinch, a titan of UK online car sales, and its German sister, MeinAuto.de, will close their virtual doors by 31 July 2025, after Volkswagen Financial Services (VWFS) pulled its financial lifeline.

This collapse puts over 100 UK jobs and potentially hundreds in Germany on the chopping block, exposing the car market's shaky foundations. Let's unpack the mess and what it means for workers and buyers.

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