TSLA438.230-16.76999%
GM75.450-0.6%
F13.0850.055%
RIVN17.335-0.615%
CYD34.8850.135%
HMC29.345-0.085%
TM195.500-1.06%
CVNA442.52042.75%
PAG164.820-0.11%
LAD329.2200.83%
AN216.5200.6%
GPI407.1602.95%
ABG241.8602.96%
SAH64.3800.01%
TSLA438.230-16.76999%
GM75.450-0.6%
F13.0850.055%
RIVN17.335-0.615%
CYD34.8850.135%
HMC29.345-0.085%
TM195.500-1.06%
CVNA442.52042.75%
PAG164.820-0.11%
LAD329.2200.83%
AN216.5200.6%
GPI407.1602.95%
ABG241.8602.96%
SAH64.3800.01%
TSLA438.230-16.76999%
GM75.450-0.6%
F13.0850.055%
RIVN17.335-0.615%
CYD34.8850.135%
HMC29.345-0.085%
TM195.500-1.06%
CVNA442.52042.75%
PAG164.820-0.11%
LAD329.2200.83%
AN216.5200.6%
GPI407.1602.95%
ABG241.8602.96%
SAH64.3800.01%
Dealers' #1 source for auto industry news, content, coaching & analysis
Daily Automotive News
Daily Automotive NewsArticles

Payne Auto Group expands with acquisition of Team Chevrolet-GMC

By CBT News
Payne Auto Group
Image source: Payne Alice Chevrolet-GMC (Facebook)

Payne Auto Group has expanded its South Texas footprint with the purchase of Team Chevrolet-GMC in Alice from Mike Terry Auto Group and Steven Jackson of Jackson Automotive Group. The store will continue operating at its current location under its new name, Payne Alice Chevrolet-GMC, representing both Chevrolet and GMC franchises. Performance Brokerage Services served as the exclusive advisor in this transaction.

Sign up for CBT News’ daily newsletter and get the latest industry stories delivered straight to your inbox.

Deal Details:

Seller: Mike Terry of Mike Terry Auto Group and Steven Jackson of Jackson Automotive Group
Buyer: Payne Auto Group
Transaction Date: November, 2025
Rebranded Dealerships:

  • Team Chevrolet-GMC → Payne Alice Chevrolet-GMC

Advisor/Facilitator: Performance Brokerage Services

Read More

Stay up to date on exclusive content from CBT News by following us on Facebook, Twitter, Instagram and LinkedIn.

Don’t miss out! Subscribe to our free newsletter to receive all the latest news, insight and trends impacting the automotive industry.

CBT News is part of the JBF Business Media family.

Previous article
Automakers want to control what you hear in your car
Next article
Kerrigan Advisors represents Car Pros Automotive Group in sale of Washington Kia and Hyundai dealerships to Canada-based Go Auto
CBT News
CBT News
For over 12 years, CBT News has been informing and helping automotive retail professionals grow their businesses and thrive in their careers through an awarding-winning, on-demand streaming platform. With exclusive interviews featuring the biggest names in the industry, daily newscasts, up-to-date market data, and exclusive articles covering the latest trends, CBT News is your #1 source for auto industry news and content.

Related Articles

Latest Articles

Load more

From our Publishing Partners

Contact us: Info@CBTNews.com

SIGN UP FOR OUR FREE NEWSLETTER

© Created by CBT News | Atlanta Web Design