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By Jon Robinson The owner of Cinch and Webuyanycar slashed its loss almost in half despite suffering a sharp drop in the value of used cars in 2023. Constellation Automotive, whose brands also include Marshall Motor Group and BCA, has reported a pre-tax loss of £74.4m for the year to 31 March, 2024, down from the loss of £135.3m it fell to in the prior 12 months. Over the same period, the Hampshire-headquartered group’s revenue fell from £9.68bn to £9.33bn, according to newly-filed accounts with Companies House. The group said its progress was impacted by the “sharp correction” in the value of…

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