Passenger Car Leasing
Description
This U.S. industry comprises establishments primarily engaged in leasing passenger cars without drivers, generally for long periods of time. Illustrative Examples: Passenger car leasing Passenger truck (light duty) leasing Passenger van leasing Sport utility vehicle leasing
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 |
| 532112 | Passenger Car Leasing 6-digit U.S. detail | This U.S. industry comprises establishments primarily engaged in leasing passenger cars without drivers, generally for long periods of time. Illustrative Examples: Passenger car leasing Passenger truck (light duty) leasing Passenger van leasing Sport utility vehicle leasing |
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Classification References
- 01Renting passenger cars without drivers, generally for short periods of time--are classified in U.S. Industry 532111, Passenger Car Rental;
- 02Renting or leasing passenger cars with drivers (e.g., limousines, hearses, taxis)--are classified in Industry Group 4853, Taxi and Limousine Service;
- 03Retailing passenger cars through sales or lease arrangements--are classified in Industry Group 4411, Automobile Dealers; and
- 04Leasing passenger cars in combination with providing loans to buyers of such vehicles--are classified in Sector 52, Finance and Insurance.
Index Items
Automobile leasing
Car leasing
Fleet leasing, passenger vehicle
Passenger car leasing
Passenger truck (light duty) leasing
Passenger van leasing
Passenger vehicle fleet leasing
Sport utility vehicle leasing
Van (passenger) leasing
How Item Can Help
The Warehouse Management System optimizes the storage and retrieval of vehicle inventory, reducing loading times for fleet clients and ensuring real-time visibility into stock availability across multiple locations.
Transportation Management Systems streamline logistics by coordinating long-haul delivery routes for leased vehicles, lowering fuel costs and improving on-time arrival rates for customer vehicles.
Advanced analytics provide predictive insights into vehicle maintenance needs and leasing performance, allowing businesses to proactively service fleets and negotiate better rental rates based on historical data.
External Resources
Census.gov NAICS Detail
Official US Census Bureau definition and scope for NAICS 532112.
National Automobile Dealers Association
The largest trade association representing passenger car dealerships across the United States.
Small Business Administration
Government resource providing guidelines and information on leasing passenger vehicles for business purposes.
LeasePoint
An industry directory and marketplace connecting car leasing companies with fleet managers and commercial customers.
