Car Trackers Makes Acquisition

By Staff Writer June 20, 2022

Automotive dealer Car Trackers has acquired Below Invoice, an exotic automotive leasing concierge at the forefront of new and pre-owned vehicle acquisition, for an undisclosed amount.

Founded in 2014 by Cole McKeon, Below Invoice has streamlined the vehicle acquisition process since its inception. Through the integration of advanced technology and savvy marketing practices, Below Invoice’s website has risen to numerous organic first page positions on Google, boasting tens of thousands of website visitors in search for a better exotic car-buying experience.

With a similar vision, seasoned automotive executive Ali Qureshi, founder and COO of Car Trackers, saw an unmet need in the way consumers locate, negotiate, and sell their pre-owned vehicles.

“For the past eight years Below Invoice has paved the way for a new car buying experience by providing transparent vehicle pricing directly on their website, and by creating an end-to-end platform to facilitate those experiences,” said Qureshi. “We are excited to leverage the technology and trust that Below Invoice has built over the years, and to further revolutionizing the way car buying is done.”

Car Trackers was recently recognized as Dealer of the Year by the city of Placentia and received a Manheim award for being the No. 1 non-franchise, non-commercial automotive dealer, purchasing and selling over 200 vehicles per week. Car Trackers has doubled its revenue, up from approximately $75,000,000 in 2021 to over $125,000,000 in 2022.

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Last modified on Monday, 20 June 2022 12:41