Cinch was acquired by Constellation Automotive Group, a prominent entity in the vehicle remarketing and logistics sector.
Cinch operates as a leading online used car marketplace, particularly known within the UK market. It is a key subsidiary within the extensive portfolio of Constellation Automotive Group, demonstrating the group's significant presence and diversification within the automotive industry.
Understanding Constellation Automotive Group
Constellation Automotive Group stands as a major player in the European automotive sector. The company's core business revolves around vehicle remarketing and logistics, providing essential services for the automotive lifecycle.
Business Operations
Constellation Automotive Group engages in various product offerings that streamline the process of buying and selling vehicles, including:
- Physical Vehicle Auctions: Traditional auction houses where vehicles are bought and sold.
- Online Vehicle Auctions: Digital platforms facilitating the sale and purchase of vehicles remotely.
Ownership and Structure
The ultimate owner of Constellation Automotive Group is TDR Capital. Under its strategic ownership, Constellation has grown to encompass a diverse range of companies that collectively cover various aspects of the automotive market.
Key Subsidiaries
Constellation Automotive Group’s portfolio includes several well-known brands, each specializing in different facets of the automotive industry. These subsidiaries highlight the group's comprehensive approach to vehicle remarketing and sales:
| Subsidiary Name | Primary Focus |
|---|---|
| BCA | Leading vehicle auction and services provider |
| CarNext | European online platform for used cars |
| cinch | Online used car marketplace |
| elmo | Provider of flexible car subscription services |
| Marshall Motor Group | One of the UK's largest automotive retail groups |
| We Buy Any Car | Popular car buying service in the UK |
This structure allows Constellation Automotive Group to exert significant influence across the entire automotive value chain, from procurement and logistics to retail and online sales.
