532111 - Passenger Car Rental
When it comes to the booming rental and leasing services industry, NAICS code 532111 stands out as a critical classification for businesses primarily engaged in passenger car rental. Whether you're an entrepreneur exploring opportunities, a government contractor, or just curious about the car rental industry, understanding this NAICS code—and what it encompasses—is essential for navigating compliance, market analysis, and business growth.
What is NAICS Code 532111?
NAICS code 532111, titled Passenger Car Rental, refers to establishments primarily engaged in renting passenger cars without drivers. This includes a broad spectrum of rental services, typically short-term, catering to both individual consumers and businesses needing temporary vehicular transport solutions.
Key Definition Points:
- Renting passenger cars without drivers.
- Short-term rental durations.
- Services offered to individuals and businesses alike.
Sector: Rental and Leasing Services
This code falls under the Rental and Leasing Services sector, which comprises businesses that rent, lease, or license tangible goods such as cars, machinery, and equipment. The passenger car rental sub-sector is vital within this space due to the dynamic needs of travel, transportation, and business logistics.
Typical Business Activities under NAICS 532111
- Airport car rental agencies serving travelers.
- Local car rental companies offering flexible rental options.
- Car sharing services providing convenient, short-term access to vehicles.
NAICS Code 532111 Size Standard
To qualify as a small business under this classification, a company’s average annual receipts must not exceed $47 million. This size standard is crucial for government contracting purposes and small business certifications.
Examples of Businesses under NAICS 532111
The following examples illustrate typical businesses or activities classified under NAICS 532111:
- Airport Car Rental Agencies: Providing vehicles to travelers at or near airports.
- Local Car Rental Companies: Operating in towns and cities, offering rental cars for short-term use.
- Car Sharing Services: Platforms that allow users to rent cars temporarily, often by the hour.
NAICS Code 532111: Code Details Table
| Code Detail | Description |
|---|---|
| Automobile rental | Renting various automobile types without drivers. |
| Car rental | Passenger car rental services. |
| Car rental agencies | Agencies facilitating car rental services. |
| Hearse rental without driver | Renting hearses without drivers for personal use. |
| Limousine rental without driver | Renting limousines to customers without drivers. |
| Luxury automobile rental without driver | High-end luxury cars rented out without drivers. |
| Passenger car rental | Renting of passenger vehicles without drivers. |
| Passenger truck (light duty) rental | Light duty trucks available for rent without drivers. |
| Passenger van rental | Rental of passenger vans. |
| Passenger van rental agencies | Agencies dedicated to van rentals. |
| Sport utility vehicle rental | Renting SUVs without drivers. |
| Van (passenger) rental | Renting passenger vans for group transport needs. |
Frequently Asked Questions (FAQ)
What types of vehicles are covered under NAICS 532111?
The classification includes passenger cars, light duty trucks, passenger vans, SUVs, limousines, hearses, and luxury automobiles rented without drivers.
Does NAICS 532111 include rental with drivers?
No, this NAICS code specifically pertains to rental services without drivers. Rentals including a driver fall under different classifications.
What is the small business size standard for this code?
The size standard is $47 million in average annual receipts.
Can car sharing services be classified under this code?
Yes, many car sharing services fall under NAICS 532111 as they offer short-term passenger vehicle rentals without drivers.
Are airport car rental agencies included in this NAICS code?
Absolutely. Airport car rental agencies are a primary example of businesses within this classification.
Understanding NAICS code 532111 - Passenger Car Rental provides clarity for businesses and entrepreneurs operating in or entering the rental vehicle market. With a range of vehicle types, targeted services, and a clear size standard, this classification ensures proper alignment with government contracting and industry standards in the rental and leasing services sector.
