Analysis
NAICS 532112 is the 2022 national industry for passenger car leasing, part of 53211 (Passenger Car Rental and Leasing). Census lists 9 example activities under it in the official index.
County Business Patterns counts 532 US establishments in this code in 2023, employing 9,037 people at an average annual payroll of $121,790 per employee (91st percentile of national industries). 66% of the establishments have fewer than five employees, which marks it as a small-business industry.
By establishments it ranks 2nd of the 2 codes at this level within Passenger Car Rental and Leasing, with 5.3% of them.
Its index entries, the activities Census uses to assign businesses to this code, include automobile leasing, car leasing, fleet leasing, passenger vehicle and passenger car leasing, among 9 in all.
Census lists 4 related activities that belong elsewhere, most often in 532111, 4853, 4411 and 52. Businesses that do several things are classified by their primary activity, the one that generates the most value, so check those boundaries before settling on this code.
For example, renting passenger cars without drivers, generally for short periods of time are classified in 532111 (Passenger Car Rental) instead.
Official definition
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
Source: US Census Bureau, NAICS 2022 Manual.
Not this code if…
| The business mainly does | Use instead |
|---|---|
| Renting passenger cars without drivers, generally for short periods of time | 532111 Passenger Car Rental |
| Renting or leasing passenger cars with drivers (e.g., limousines, hearses, taxis) | 4853 Taxi and Limousine Service |
| Retailing passenger cars through sales or lease arrangements | 4411 Automobile Dealers |
| Leasing passenger cars in combination with providing loans to buyers of such vehicles | 52 Finance and Insurance |
Index entries (9)
- 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