Toyota Sales Down 12 Percent This Month

Okay, it’s time to cash in on that office pool. Whoever was closest to guessing that U.S. Toyota sales would drop 12 percent during the month of February is likely to be this month’s big winner. That’s the estimate that Penske Automotive, the country’s second largest dealership group, is providing for Toyota’s February loss in sales. That beats out last month’s 16 percent drop.

That “good news” might be pretty short lived, however, as Toyota will face fire beginning tomorrow in a House safety hearing. New documents like the “Wins” document uncovered earlier today won’t do much to help Toyota’s image or sales.

This is just an off-the-cuff, but we’re thinking somewhere over the 20 percent mark might be a good bet for next month. [via LeftLaneNews]