TSLA409.990-12.25%
GM73.100-1.76%
F13.030-0.37%
RIVN13.350-0.44%
CYD50.4400.44%
HMC25.210-0.97%
TM187.370-3.31%
CVNA66.030-1.14%
PAG159.750-2.43%
LAD264.8902.97%
AN181.940-2.21%
GPI317.1803.56%
ABG176.280-2.89%
SAH74.0600.1%
TSLA409.990-12.25%
GM73.100-1.76%
F13.030-0.37%
RIVN13.350-0.44%
CYD50.4400.44%
HMC25.210-0.97%
TM187.370-3.31%
CVNA66.030-1.14%
PAG159.750-2.43%
LAD264.8902.97%
AN181.940-2.21%
GPI317.1803.56%
ABG176.280-2.89%
SAH74.0600.1%
TSLA409.990-12.25%
GM73.100-1.76%
F13.030-0.37%
RIVN13.350-0.44%
CYD50.4400.44%
HMC25.210-0.97%
TM187.370-3.31%
CVNA66.030-1.14%
PAG159.750-2.43%
LAD264.8902.97%
AN181.940-2.21%
GPI317.1803.56%
ABG176.280-2.89%
SAH74.0600.1%

Payne Auto Group expands with acquisition of Team Chevrolet-GMC

By CBT News Editorial Team December 8, 2025
Payne Auto Group

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
2Autogroup Adds Brookshire Hyundai in Latest Texas Expansion

2Autogroup adds Brookshire Hyundai in latest Texas expansion

Gurley Leep Automotive expands Indiana presence with Hyundai of Noblesville purchase

Gurley Leep Automotive expands Indiana presence with Hyundai of Noblesville purchase

Sewell Automotive expands Texas luxury footprint with Land Rover Boerne acquisition

Sewell Automotive expands Texas luxury footprint with Land Rover Boerne acquisition

Tags

More from Daily Automotive News
GM hits the breaks on electric trucks as reality crashes the EV party

GM hits the breaks on electric trucks as reality crashes the EV party

- May 18, 2026
For years, Americans have been told the future of driving is settled. Electric vehicles would take over, gas engines would fade away, and anyone questioning the timeline was “anti-progress.” That...
Daily Automotive News Articles
Ken Ganley Auto Group acquires Mercedes-Benz of Bedford in Ohio from Penske (1)

Ken Ganley Auto Group acquires Mercedes-Benz of Bedford in Ohio from Penske

- May 15, 2026
Ken Ganley Auto Group has acquired Mercedes-Benz of Bedford in Ohio from Penske Automotive Group. The transaction closed on May 6, 2026, and the dealership will retain its name and...
Daily Automotive News Mergers & Acquisitions Tracker
Garber Automotive Group acquires Grieger's CDJR in Valparaiso, Indiana

Garber Automotive Group acquires Grieger’s CDJR in Valparaiso, Indiana

- May 14, 2026
Garber Automotive Group has acquired Grieger's Chrysler Dodge Jeep Ram in Valparaiso, Indiana, from Grieger's Motor Sales, Inc. The dealership will remain at its current location and has been renamed...
Daily Automotive News Mergers & Acquisitions Tracker
Why the military just called Detroit's Big Three automakers

Why the military just called Detroit’s Big Three automakers

- May 14, 2026
There’s a conversation happening behind closed doors in Washington that should make every American pay attention, and it has nothing to do with EV mandates or fuel economy targets. This...
Daily Automotive News Articles

Latest Articles

BMW of Annapolis celebrates grand opening of newly renovated Retail.Next facility
Latest Articles 05/18/26

BMW of Annapolis celebrates grand opening of newly renovated Retail.Next facility

Ford Energy targets utility market with EDF battery storage deal
Latest Articles 05/18/26

Ford Energy targets utility market with EDF battery storage deal

Used inventory rebounds, GM launches collision tool, Tesla raises Model Y prices
Latest Articles 05/18/26

Used inventory rebounds, GM launches collision tool, Tesla raises Model Y prices

Used-vehicle inventory rebounds in April as prices continue climbing
Latest Articles 05/18/26

Used-vehicle inventory rebounds in April as prices continue climbing

GM launches Collision Assistance tool across brand mobile apps
Latest Articles 05/18/26

GM launches Collision Assistance tool across brand mobile apps

Tesla hikes Model Y prices in U.S. market
Latest Articles 05/18/26

Tesla hikes Model Y prices in U.S. market

Mercedes-Benz CEO tells WSJ automaker is open to defense production
Latest Articles 05/18/26

Mercedes-Benz CEO tells WSJ automaker is open to defense production

From Iran war to inventory crunch: Tom Maoli breaks down industry pain points
Latest Articles 05/18/26

From Iran war to inventory crunch: Tom Maoli breaks down industry pain points

NJ CAR goes on the offensive as brokers, regulators, and direct sales pressure dealers
Latest Articles 05/18/26

NJ CAR goes on the offensive as brokers, regulators, and direct sales pressure dealers

GM hits the breaks on electric trucks as reality crashes the EV party
Latest Articles 05/18/26

GM hits the breaks on electric trucks as reality crashes the EV party

CBT News
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.