Rental and leasing of motor vehicles

NACE code 77.1, 'Rental and leasing of motor vehicles', encompasses a vital industry that plays a significant role in the broader economy. This sector provides individuals and businesses with access to a wide range of vehicles, from passenger cars to commercial trucks, enabling greater flexibility and mobility. By offering rental and leasing services, this industry supports various economic activities, from personal transportation to logistics and supply chain management.

The core production techniques in the rental and leasing of motor vehicles industry involve the acquisition, maintenance, and distribution of a diverse fleet of vehicles. Businesses in this sector typically purchase or lease vehicles from manufacturers, ensuring a steady supply of well-maintained and up-to-date models. They then make these vehicles available to customers through rental agreements or long-term leasing contracts, often providing additional services such as insurance, maintenance, and roadside assistance.

The main inputs required for the rental and leasing of motor vehicles industry include a steady supply of vehicles, which are typically sourced from 29.1 Manufacture of motor vehicles, as well as various support services and infrastructure. This includes maintenance and repair facilities, insurance providers, and logistics networks to facilitate the distribution and management of the vehicle fleet. Additionally, the industry relies on skilled personnel, such as customer service representatives, fleet managers, and vehicle technicians, to ensure the smooth operation of rental and leasing services.

The primary output of the rental and leasing of motor vehicles industry is the provision of temporary or long-term access to a diverse range of vehicles. These vehicles are then utilized by individuals, businesses, and other industries, such as 49.4 Freight transport by road and removal services, 52.2 Support activities for transportation, and 68.2 Renting and operating of own or leased real estate, to meet their transportation needs. The industry's services enable greater flexibility, cost-effectiveness, and efficient utilization of resources, contributing to the overall productivity and competitiveness of the economy.