Payne Auto Group buys Team Chevrolet GMC in Alice, Texas

The sale of Team Chevrolet GMC in Alice closed on Jan. 12, 2026, transferring the local Chevrolet/GMC franchise from Mike Terry Auto Group to Payne Auto Group. Performance Brokerage Services served as the advisory broker on the transaction, and the dealership will remain at its current location under the new name Payne Alice Chevrolet GMC.

For customers and employees in Jim Wells County, the immediate effect is continuity: the franchise and physical dealership stay put, minimizing disruptions to vehicle sales, service appointments, parts availability and warranty work. Payne Auto Group operates more than 10 dealerships across South Texas, signaling that the Alice location is joining a larger regional network that can bring buying scale and operational resources to the community.

Seller Mike Terry began his automotive career in 2010 and built a multi-dealership organization in the intervening 16 years. The transfer marks an ownership change but not a relocation, which typically helps preserve local payrolls and tax receipts tied to the property and business operations. The buyer has signaled an emphasis on local engagement; Payne Auto Group’s community programs include a high-school scholarship and philanthropic gifts to area hospitals, suggesting potential new or expanded community partnerships in Alice.

Market implications extend beyond Jim Wells County. Regional dealer groups like Payne can leverage volume purchasing, shared inventory logistics and centralized back-office functions to improve margins and reduce operating costs. For local consumers this can mean better access to inventory, more promotional buying opportunities and possibly expanded service hours. For independent competitors, consolidation could increase competitive pressure on pricing and customer retention strategies.

Performance Brokerage Services’ role as an experienced, high-volume dealership broker underscores a broader trend of consolidation and professionalized M&A activity in auto retail. The transaction reflects both lifecycle dynamics for owner-operators who scale and eventually sell, and an industry pattern where regional groups expand by acquiring established franchises.

Regulatory and franchising requirements govern formal transfers of manufacturer franchises, but because the dealership will remain in place and continue the Chevrolet/GMC franchise, day-to-day customer interactions are likely to feel familiar. Local officials and customers should monitor any staffing announcements and capital improvement plans Payne Auto Group may announce as it integrates the Alice operation.

Our two cents? Expect steady service and sales operations in the near term, keep an eye out for scholarship and hospital-support initiatives from the new owner, and stop by the lot to see whether the new ownership brings fresh inventory or community events that benefit Alice residents.