BANGKOK — Car production in Thailand fell 16.62 percent in July from a year earlier to 124,829 units due mainly to lower domestic sales, the Federation of Thai Industries said on Tuesday.

The figure compared with June's 20.11-percent year-on-year decline. It was the 12th straight month that production had contracted.

In the January-July period, car production contracted 17.28 percent from a year earlier to 886,069 units, the federation said.

"Our production for domestic sales has decreased quite a bit, especially for pickup trucks," Surapong Paisitpattanapong, spokesman for the FTI's automotive industry division, told a news briefing.

The federation has said weaker domestic sales are due to banks' tightened auto loans due to high household debt.

Domestic car sales declined 20.58 percent in July from a year earlier, after an annual drop of 26.04 percent in June, it said.

Thailand is Southeast Asia's biggest autos production center and an export base for some of the world's top carmakers, including Toyota and Honda, with pickup trucks among the key vehicles manufactured.

Last month, the federation cut its domestic sales target for this year to 550,000 vehicles from an earlier forecast of 750,000 units.

It also reduced its production target to 1.7 million units this year, down from 1.9 million vehicles seen earlier. In 2023, Thailand produced 1.84 million vehicles.

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