Renting and leasing of motor vehicles
ISIC v4.0 Code: 7710
About renting and leasing of motor vehicles
isic code 7710, 'Renting and leasing of motor vehicles', represents a crucial industry within the broader transportation and logistics sector. This industry plays a vital role in facilitating the mobility of individuals and businesses, providing access to a wide range of vehicles for short-term or long-term use. The renting and leasing of motor vehicles is an essential service that supports economic activity across various industries, from personal transportation to commercial fleet management.
Production process
The core production techniques in the renting and leasing of motor vehicles industry involve the acquisition, maintenance, and distribution of a diverse fleet of vehicles. Businesses in this industry typically purchase or lease vehicles from 2910 Manufacture of motor vehicles and 4511 Sale of motor vehicles, then prepare them for rental or leasing by ensuring they are in good working condition, equipped with necessary accessories, and meet relevant safety and regulatory standards. The vehicles are then made available to customers through rental locations or online platforms, with the industry leveraging technology to streamline the booking and reservation process.
Production inputs
The main inputs required for the renting and leasing of motor vehicles industry include a steady supply of motor vehicles, which can be sourced from manufacturers, dealers, or other suppliers. Additionally, the industry relies on various support services, such as vehicle maintenance and repair facilities, insurance providers, and fuel suppliers. Skilled personnel, including customer service representatives, fleet managers, and logistics coordinators, are also crucial inputs for the efficient operation of this industry.
Production outputs
The primary output of the renting and leasing of motor vehicles industry is the provision of temporary access to a wide range of vehicles, including passenger cars, commercial trucks, and specialty vehicles. These outputs are consumed by a diverse range of customers, including individual consumers, businesses, and government agencies. The industry's outputs support various economic activities, such as 4932 Transportation and storage, 4711 Retail sale in non-specialized stores with food, beverages or tobacco predominating, and 4799 Other retail sale not in stores, stalls or markets.
Family tree for renting and leasing of motor vehicles
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