532112 - Passenger Car Leasing
The world of vehicle leasing plays a vital role in today's transportation and business sectors. If you’re exploring opportunities or researching the industry, understanding NAICS code 532112 – Passenger Car Leasing is essential. This specific North American Industry Classification System (NAICS) code identifies establishments primarily engaged in leasing passenger cars without drivers, supporting both short-term and long-term vehicle rental needs.
What is NAICS Code 532112?
NAICS code 532112 refers to businesses that lease passenger cars without drivers. These establishments cater to consumers and businesses by providing a flexible alternative to vehicle ownership. Whether for personal use, corporate travel, or fleet management, this industry segment offers diverse vehicle leasing options.
Definition of Passenger Car Leasing (NAICS 532112)
This industry comprises establishments primarily engaged in leasing passenger cars without drivers. Activities include:
- Short-term and long-term rental and leasing of passenger vehicles
- Leasing passenger trucks and vans (light duty) without a driver
- Managing passenger vehicle fleets for businesses
Sector Overview: Rental and Leasing Services
NAICS 532112 falls under the broader Rental and Leasing Services sector. This sector includes companies providing various types of equipment and vehicle leasing solutions to consumers and businesses alike.
Typical Business Activities under NAICS 532112:
- Car leasing and rentals
- Passenger truck and van leasing (light duty)
- Fleet leasing for commercial clients
- Leasing sport utility vehicles (SUVs)
Business Examples Under NAICS Code 532112
Businesses classified under this code typically include:
- Car rental agencies offering passenger vehicles
- Passenger car leasing companies specializing in flexible lease terms
- Automobile fleet leasing service providers for corporations and government agencies
Size Standard for NAICS 532112
For small business consideration and government contracting eligibility, the size standard for NAICS code 532112 is:
- $47 million in average annual receipts
This size standard helps determine eligibility for small business programs and contract bidding opportunities.
NAICS 532112 Code Details Table
| Code Detail | Description |
|---|---|
| Automobile leasing | Leasing of automobiles to consumers and businesses |
| Car leasing | Leasing passenger cars without drivers |
| Fleet leasing | Managing and leasing fleets of passenger vehicles |
| Passenger vehicle | Leasing passenger cars, trucks, vans |
| Passenger car leasing | Long-term and short-term leasing of passenger cars |
| Passenger truck (light duty) leasing | Leasing light-duty passenger trucks |
| Passenger van leasing | Leasing light-duty vans designed for passengers |
| Passenger vehicle fleet leasing | Leasing and management of vehicle fleets |
| Sport utility vehicle leasing | Leasing SUVs for personal or business use |
| Van (passenger) leasing | Leasing passenger vans |
Frequently Asked Questions (FAQ)
What types of vehicles are included in NAICS 532112?
The code covers passenger cars, light-duty passenger trucks, vans, sport utility vehicles (SUVs), and passenger vans leased without drivers.
Is NAICS 532112 only for individual car rentals?
No, it includes both consumer rentals and business fleet leasing services.
How does the size standard affect eligibility for federal contracts?
Businesses with average annual receipts of $47 million or less qualify as small businesses under this code, making them eligible for certain small business federal contracting programs.
Can companies lease vehicles with drivers under this code?
No, NAICS 532112 specifically covers leasing passenger vehicles without drivers.
What’s the difference between this code and other vehicle rental NAICS codes?
NAICS 532112 focuses on passenger car leasing without drivers, whereas other codes may cover truck rental or leasing with drivers (chauffeur services).
Conclusion
NAICS code 532112 is an important classification within the Rental and Leasing Services sector, encompassing a variety of passenger car leasing activities. Whether you're a business owner in the car rental space, fleet manager, or contractor, understanding this code and its requirements can help maximize your opportunities in government contracting and market positioning.
By knowing the details, typical business types, and size standards tied to Passenger Car Leasing ( NAICS 532112 ), you can better navigate this dynamic segment of the automotive rental industry.
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