6-digit U.S. detail
532111
Passenger Car Rental
Description
This U.S. industry comprises establishments primarily engaged in renting passenger cars without drivers, generally for short periods of time. Illustrative Examples: Passenger car rental Passenger truck (light duty) rental Passenger van rental Sport utility vehicle rental
Hierarchy
| Code | Title | Description |
|---|---|---|
| 53 | Real Estate and Rental and Leasing 2-digit sector | The Sector as a Whole The Real Estate and Rental and Leasing sector comprises establishments primarily engaged in renting, leasing, or otherwise allowing the use of tangible or intangible assets, and establishments providing related services. The major portion of this sector comprises establishments that rent, lease, or otherwise allow the use of their own assets by others. The assets may be tangible, as is the case of real estate and equipment, or intangible, as is the case with patents and trademarks. This sector also includes establishments primarily engaged in managing real estate for others, selling, renting, and/or buying real estate for others, and appraising real estate. These activities are closely related to this sector's main activity, and from a production basis they are included here. In addition, a substantial proportion of property management is self-performed by lessors. The main components of this sector are the real estate lessors industries (including equity real estate investment trusts (REITs)); equipment lessors industries (including motor vehicles, computers, and consumer goods); and lessors of nonfinancial intangible assets (except copyrighted works). Excluded from this sector are establishments primarily engaged in renting or leasing equipment with operators. Establishments renting or leasing equipment with operators are classified in various subsectors of NAICS depending on the nature of the services provided (e.g., transportation, construction, agriculture). These activities are excluded from this sector because the client is paying for the expertise and knowledge of the equipment operator, in addition to the rental of the equipment. In many cases, such as the rental of heavy construction equipment, the operator is essential to operate the equipment. Also excluded from this sector are mortgage REITs and establishments primarily engaged in managing the financial portfolio assets of REITs on a fee or commission basis. These establishments are classified in Sector 52, Finance and Insurance. |
| 532 | Rental and Leasing Services 3-digit subsector | Industries in the Rental and Leasing Services subsector include establishments that provide a wide array of tangible goods, such as automobiles, computers, consumer goods, and industrial machinery and equipment, to customers in return for a periodic rental or lease payment. The subsector includes two main types of establishments: (1) those that are engaged in renting consumer goods and equipment and (2) those that are engaged in leasing machinery and equipment often used for business operations. The first type typically operates from a retail-like or storefront facility and maintains inventories of goods that are rented for short periods of time. The latter type typically does not operate from retail-like locations or maintain inventories, and usually offers longer-term leases. These establishments work directly with clients to enable them to acquire the use of equipment on a lease basis, or they work with equipment vendors or dealers to support the marketing of equipment to their customers under lease arrangements. Equipment lessors generally structure lease contracts to meet the specialized needs of their clients and use their remarketing expertise to find other users for previously leased equipment. Establishments that provide operating and capital (i.e., finance) leases are included in this subsector. Establishments primarily engaged in leasing in combination with providing loans are classified in Sector 52, Finance and Insurance. Establishments primarily engaged in leasing real property are classified in Subsector 531, Real Estate. Establishments primarily engaged in renting or leasing equipment with operators are classified in various subsectors of NAICS depending on the nature of the services provided (e.g., transportation, construction, agriculture). These activities are excluded from this subsector since the client is paying for the expertise and knowledge of the equipment operator, in addition to the rental of the equipment. In many cases, such as the rental of heavy construction equipment, the operator is essential to operate the equipment. Likewise, since the provision of crop harvesting services includes both the equipment and operator, it is included in Subsector 115, Support Activities for Agriculture and Forestry. The rental or leasing of copyrighted works is classified in Sector 51, Information, and the rental or leasing of nonfinancial intangible assets, such as patents, trademarks, and/or licensing agreements, is classified in Subsector 533, Lessors of Nonfinancial Intangible Assets (except Copyrighted Works). |
| 5321 | Automotive Equipment Rental and Leasing 4-digit industry group | This industry group comprises establishments primarily engaged in renting or leasing passenger cars and trucks without drivers and utility trailers. These establishments generally operate from a retail-like facility. Some establishments offer only short-term rental, others only longer-term leases, and some provide both types of services. |
| 53211 | Passenger Car Rental and Leasing 5-digit NAICS industry | This industry comprises establishments primarily engaged in renting or leasing passenger cars without drivers. Illustrative Examples: Passenger car rental or leasing Passenger truck (light duty) rental or leasing Passenger van rental or leasing Sport utility vehicle rental or leasing |
| 532111 | Passenger Car Rental 6-digit U.S. detail | This U.S. industry comprises establishments primarily engaged in renting passenger cars without drivers, generally for short periods of time. Illustrative Examples: Passenger car rental Passenger truck (light duty) rental Passenger van rental Sport utility vehicle rental |
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Classification References
- 01Leasing passenger cars without drivers, generally for long periods of time--are classified in U.S. Industry 532112, Passenger Car Leasing; and
- 02Renting or leasing passenger cars with drivers (e.g., limousines, hearses, taxis)--are classified in Industry Group 4853, Taxi and Limousine Service.
Index Items
Automobile rental
Car rental
Car rental agencies
Hearse rental without driver
Limousine rental without driver
Luxury automobile rental without driver
Passenger car rental
Passenger truck (light duty) rental
Passenger van rental
Passenger van rental agencies
Sport utility vehicle rental
Van (passenger) rental
How Item Can Help
The Transportation Management System coordinates one-way vehicle shipping and fleet relocation by optimizing delivery routes and managing carrier costs for business customers needing specific locations.
