In a post on the Nyle Maxwell GMC Facebook page, owner Nyle Maxwell Jr. announced he and his wife Nancy will sell the Round Rock-based dealership. In the Oct. 14 post, Maxwell also dispelled rumors he has heard in the community.

“This is what is not happening: over the last week or so, I have been inundated with rumors that Nancy and I are selling all of the Nyle Maxwell stores and retiring from the business,” the post said. “That is simply not true! Our other 4 stores that all represent the Chrysler, Dodge, Jeep, Ram and Fiat brands have not been sold and are not for sale.”

A dealership employee confirmed Oct. 15 the dealership, at 3000 N. I-35, Round Rock, will become Steele GMC on Oct. 17, the date the post stated as the sale closing date.

The post went on to say the Maxwells are looking to grow their dealership numbers through acquisitions.

The Maxwells have three dealerships in the Austin metro, one in Killeen and one in Castroville, near San Antonio.

“After much thought over the last few months, Nancy and I have decided to sell our GMC dealership in Round Rock,” the release stated. “The Steele Automotive Group, which has 57 dealerships in Canada and 7 dealerships in Texas, is the buyer. Nancy and I are confident that we are leaving our employees at GMC and our customers in very good hands.”

The Maxwell family has been honored for its contributions to the community. From 2002-2008, Nyle Maxwell served two terms as the mayor of Round Rock.

Community Impact has contacted Canada-based Steele Automotive Group for comment and will update this story if more information is made available.