Agere Automotive Bought Tri-Cities BMW and Audi Stores
The local luxury dealerships were purchased in separate transactions to consolidate regional automotive operations.
Updated on Oct. 13, 2026 in Buying/Selling
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Agere Automotive has acquired both BMW of Tri-Cities and Audi Tri-Cities. The two neighboring dealerships on Aaron Drive maintain their separate brands and individual manufacturer standards.
Why it matters
This acquisition centralizes regional dealership ownership, allowing for shared operational expertise between the two nearby luxury car locations.
Agere paid $10.4 million for the 2.8-acre BMW property and $5.6 million for the 1.37-acre Audi site. The deal includes a 19,000-square-foot facility for BMW and a 15,628-square-foot building for the Audi dealership.
The players
Agere Automotive
An automotive group expanding its regional footprint through the acquisition of luxury brand dealerships.
Zenitram Properties III LLC
A property management entity that served as the seller for the Audi Tri-Cities dealership site.
Zenitram Properties IV LLC
A property management entity that held and sold the land and building for BMW of Tri-Cities.
The details
The acquisition involves the transfer of property from Zenitram Properties entities to Agere Automotive. While ownership has changed, the dealerships will continue to operate under their respective brands and existing manufacturer standards. The new parent company plans to leverage shared expertise to improve efficiency across the two adjacent Aaron Drive locations.
Timeline
October 13, 2026: Agere Automotive completed the acquisition of both local dealerships.
2027: Agere Automotive plans to complete two additional dealership acquisitions.
The Home Front
This acquisition follows the documented industry trend toward dealership group consolidation as independent lots are folded into larger regional networks. Such moves often aim to streamline overhead costs and management structures for high-end automotive brands.
Local car owners should keep an eye on any changes to service department hours or maintenance scheduling processes as the new management takes over. If you have an existing service contract or vehicle warranty, keep your original paperwork in a secure file until you confirm the transition plan.
The takeaway
Large dealership acquisitions often lead to streamlined administrative and maintenance processes for local drivers. Keep a copy of your most recent service invoice handy, as new management may update internal record-keeping systems following the transition.
What happens next
Agere Automotive is scheduled to complete two additional dealership acquisitions in 2027.
Further reading
For more information on navigating the current market, visit our Buying/Selling section.
Source note: This article includes information reported by Tri-Cities Area Journal of Business.
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