Rental industry "This is borne out by the vehicle sales figures," he said. Jammine said the decline in new vehicle sales had also been caused by depressed sales to the vehicle rental industry because of the slump in tourism. Sales to the vehicle rental industry last month accounted for 12.2 percent of total industry sales compared with 14.3 percent in October last year. Marc Corcoran, the president of the SA Vehicle Rental & Leasing Association, said the car rental market was stagnating in terms of volumes, but stressed the drop in fleet numbers was more of a reflection of the industry looking to improve vehicle utilisation. Simphiwe Nghona, the chief executive of the motor division at WesBank, said government channel sales declined a massive 25.7 percent year on year while sales to the rental market saw a similar sharp drop of 23.8 percent compared with October last year.