BANGKOK, Dec 18 (Reuters) - Domestic car sales in Thailand contracted for a sixth straight month in November, slumping 16.2% from a year earlier to 79,299 vehicles, hit by stricter lending by banks, the Federation of Thai Industries said on Wednesday.
In October, sales were down 11.3% from a year earlier.
Domestic car sales in 2019 are forecast to drop 3.8% to 1 million vehicles, compared with last year’s 19.5% rise to 1.05 million - the highest level in five 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 Muralikumar Anantharaman)
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