Mr Latham, from Ward Street, in Ettingshall, later died in hospital.
Brian Willington has now been charged with Mr Latham's murder. The 32-year-old from Hawkley Close, in Moseley, will appear at Wolverhampton Magistrates Court today.
Mr Latham's family have since paid tribute to him – and said they are "heartbroken".
In a statement, they said: "We are devastated as a family losing a son, brother, uncle, dad and a grandad.
"We are heartbroken. Words cannot explain how we are all feeling at the moment."
West Midlands Police explained that the family have shared a photograph of Martin when he was much younger, as it is how they will remember him.
Detective Inspector Adam Jobson, from West Midlands Police's homicide unit, said: “We know other people were present on the car park that night and we urge them to come forward to assist us in our enquiries.”
Anyone with information is asked to call West Midlands Police on 101, or Crimestoppers anonymously on 0800 555111.