NAICS 532112 - Passenger Car Leasing

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What is NAICS 532112

NAICS code 532112 covers establishments primarily engaged in leasing passenger cars without drivers, generally for extended periods. This sector includes businesses that provide a variety of passenger vehicles such as cars, light duty passenger trucks, vans, and sport utility vehicles for lease agreements ranging from months to years. These companies serve commercial clients, government agencies, and consumers who require reliable transportation solutions without the responsibilities of ownership. In government contracting, agencies seek these leasing services to efficiently manage fleet requirements, reduce maintenance overhead, and maintain operational flexibility. Leasing passenger vehicles allows public sector entities to access modern, well-maintained fleets without the capital expenditure and depreciation costs associated with outright purchase. Organizations in this industry must comply with government procurement standards and often compete in contracts for fleet management services.

Industry Classification for NAICS 532112

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

Breakdown for NAICS 532112

  • Includes leasing of passenger cars, light duty trucks, vans, and SUVs without drivers.
  • Primarily serves long-term leasing needs, typically spanning months to years.
  • Covers fleet leasing for commercial clients, consumers, and government agencies.
  • Subject to government procurement regulations when contracting with public agencies.
  • Often involves comprehensive fleet management including maintenance and insurance.
  • Businesses must meet size standards and compliance requirements for government contracts.

Included Activities for NAICS 532112

  • Leasing passenger cars to government and commercial clients without drivers.
  • Providing light duty passenger truck and van leasing services.
  • Offering sport utility vehicle (SUV) leases for long-term use.
  • Managing vehicle maintenance and repair services as part of leasing agreements.
  • Coordinating vehicle replacement and upgrades within lease terms.
  • Handling insurance and registration for leased vehicles.
  • Supplying fleet management and telematics support to lessees.
  • Responding to government solicitations and managing contract compliance.

Business Types for NAICS 532112

  • Vehicle leasing companies specializing in passenger cars and light trucks.
  • Fleet management firms providing leasing and maintenance services.
  • Automotive rental companies expanding into long-term leases.
  • Government-approved contractors with experience in public sector leasing.
  • Specialty vehicle leasing firms focusing on SUVs and passenger vans.

Subcategories for NAICS 532112

  • 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

Government Buyers for NAICS 532112

Federal, state, and local government agencies commonly procure passenger car leasing services to support transportation needs for staff, officials, and program operations. Agencies such as the General Services Administration (GSA), Department of Defense, and various municipal departments lease vehicles to provide mobility for field personnel, administrative staff, and special projects. These agencies prioritize leasing to maintain a flexible fleet size that can adjust to changing mission demands and budget constraints. Leasing also facilitates access to the latest vehicle models with improved fuel efficiency and safety features, helping government entities meet sustainability and operational efficiency goals.

Contract Types & Procurement for NAICS 532112

Contracts for passenger car leasing typically include firm-fixed-price and indefinite delivery/indefinite quantity (IDIQ) agreements, often awarded through competitive bidding processes under federal and state procurement regulations. Leasing contracts may range from short-term (several months) to long-term (multiple years) durations, with values depending on fleet size and vehicle types. Governments may issue task orders or blanket purchase agreements to secure ongoing vehicle leasing services. Contracts often specify maintenance, insurance, and replacement terms, requiring lessors to provide comprehensive fleet management solutions. Typical contract values vary widely but generally range from tens of thousands to several million dollars annually, reflecting the scale of agency fleet needs.

Details for NAICS 532112

Explore the hierarchy and related codes for this industry

NAICS Code Industry Title
531 Real Estate
5311 Lessors of Real Estate
53111 Lessors of Residential Buildings and Dwellings
531110 Lessors of Residential Buildings and Dwellings
53112 Lessors of Nonresidential Buildings (except Miniwarehouses)
531120 Lessors of Nonresidential Buildings (except Miniwarehouses)
53113 Lessors of Miniwarehouses and Self-Storage Units
531130 Lessors of Miniwarehouses and Self-Storage Units
53119 Lessors of Other Real Estate Property
531190 Lessors of Other Real Estate Property
5312 Offices of Real Estate Agents and Brokers
53121 Offices of Real Estate Agents and Brokers
531210 Offices of Real Estate Agents and Brokers
5313 Activities Related to Real Estate
53131 Real Estate Property Managers
531311 Residential Property Managers
531312 Nonresidential Property Managers
53132 Offices of Real Estate Appraisers
531320 Offices of Real Estate Appraisers
53139 Other Activities Related to Real Estate
531390 Other Activities Related to Real Estate
532 Rental and Leasing Services
5321 Automotive Equipment Rental and Leasing
53211 Passenger Car Rental and Leasing
532111 Passenger Car Rental
532112 Current Passenger Car Leasing
53212 Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing
532120 Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing
5322 Consumer Goods Rental
53221 Consumer Electronics and Appliances Rental
532210 Consumer Electronics and Appliances Rental
53228 Other Consumer Goods Rental
532281 Formal Wear and Costume Rental
532282 Video Tape and Disc Rental
532283 Home Health Equipment Rental
532284 Recreational Goods Rental
532289 All Other Consumer Goods Rental
5323 General Rental Centers
53231 General Rental Centers
532310 General Rental Centers
5324 Commercial and Industrial Machinery and Equipment Rental and Leasing
53241 Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing
532411 Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing
532412 Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing
53242 Office Machinery and Equipment Rental and Leasing
532420 Office Machinery and Equipment Rental and Leasing
53249 Other Commercial and Industrial Machinery and Equipment Rental and Leasing
532490 Other Commercial and Industrial Machinery and Equipment Rental and Leasing
533 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
5331 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
53311 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
533110 Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)

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