Zigrossi Motors still open, but waiting for new buyer to take over
If you've driven past Zigrossi Motors on Route 5 in Batavia last night or this morning and took note of a seemingly empty parking lot, don't jump to the conclusion that Zigrossi is out of business.
While you will be seeing less inventory on the lot over the next few months, that isn't why the lot was emptied last night -- that had more to do with hail than the fact that the business is being sold.
Harry Zigrossi has been in the car business for 30 years, he said, and he's ready to retire.
A buyer has been found, but because of the General Motors bankruptcy, the deal cannot close until early 2010, unless GM emerges from bankruptcy sooner.
"Because we were fortunate enough to be on good asset side of the General Motors list and not the bad asset side, we can be sold," Zigrossi said. "If we were on the bad asset list, there would be no new dealer and we would be shutting down."
Meanwhile, Zigrossi is still open for business. The new cars on the lot are all for sale and the service department remains open. Zigrossi said all operations will continue until the new dealer assumes control.
