BANGKOK, Aug 22 (Reuters) -
* Thai domestic car sales contracted in July for a second straight month, down 1.1% from a year earlier to 81,044 units, the Federation of Thai Industries said on Thursday.
* In June, sales dropped 2.1% on-year, the first contraction in two and a half years.
* July’s sales were dragged by financial institutions’ stricter lending.
* Domestic sales in 2019 are forecast to rise 2.44% to 1.05 million cars, after last year’s 19.5% increase to 1.04 million units - the highest level in 5 years.
* Thailand is a regional vehicle production and export base for the world’s top automobile manufacturers. (Reporting by Kitiphong Thaichareon; Writing by Orathai Sriring; Editing by Richard Borsuk)