Renting and leasing of motor vehicles

isic code 771, 'Renting and leasing of motor vehicles', encompasses a vital industry that plays a crucial role in the broader economy. This industry provides businesses and individuals with access to a wide range of vehicles, from passenger cars to commercial trucks, enabling greater flexibility, cost-efficiency, and mobility. By offering rental and leasing services, this industry supports various sectors, from logistics and transportation to tourism and personal mobility.

The core activities within this industry involve the acquisition, maintenance, and distribution of motor vehicles for rental or leasing purposes. Businesses in this sector typically maintain a fleet of vehicles, which they acquire through purchase or lease agreements with manufacturers. They then make these vehicles available to customers, either on a short-term rental basis or through longer-term leasing arrangements. The industry relies on efficient logistics, inventory management, and customer service to ensure a seamless experience for clients.

The main inputs required for the 771 Renting and leasing of motor vehicles industry include a diverse fleet of motor vehicles, ranging from passenger cars to commercial trucks and specialty vehicles. These vehicles are typically sourced from 291 Manufacture of motor vehicles and 293 Manufacture of parts and accessories for motor vehicles manufacturers. Additionally, the industry requires supporting infrastructure, such as vehicle maintenance and repair facilities, as well as administrative and customer service resources to manage the rental and leasing operations.

The primary output of the 771 Renting and leasing of motor vehicles industry is the provision of short-term rental and long-term leasing services for motor vehicles. These services are consumed by a wide range of industries, including 494 Freight transport by road and removal services, 493 Land transport and transport via pipelines, 551 Short-term accommodation activities, and 561 Restaurants and mobile food service activities, among others. By offering flexible and cost-effective access to vehicles, this industry supports the mobility and transportation needs of businesses and individuals across various sectors.