Rental and leasing of cars and light motor vehicles

NACE code 77.11 covers the rental and leasing of cars and light motor vehicles, a crucial industry that facilitates the mobility needs of individuals and businesses across the economy. This sector plays a vital role in supporting economic activity by providing flexible and cost-effective transportation solutions, enabling users to access vehicles without the burden of ownership. The rental and leasing of cars and light motor vehicles is an integral part of the broader transportation and logistics ecosystem, contributing to the efficient movement of goods and people.

The core activities within this industry involve the acquisition of vehicles, either through purchase or leasing arrangements, and the subsequent rental or leasing of these assets to customers. Rental companies typically maintain a fleet of vehicles, ranging from compact cars to larger SUVs and vans, which are made available for short-term use. Leasing companies, on the other hand, offer longer-term agreements, allowing customers to utilize vehicles for an extended period, often with the option to purchase the asset at the end of the lease term.

The key inputs required for the rental and leasing of cars and light motor vehicles include the acquisition of vehicles, which can be sourced from manufacturers or secondary markets. Additionally, the industry relies on maintenance and repair services to ensure the vehicles are in good working condition, as well as insurance coverage to mitigate risks associated with the operation of the vehicles. Skilled personnel, such as customer service representatives and fleet managers, are also essential inputs for the effective management and operation of rental and leasing businesses.

The primary output of this industry is the provision of temporary or long-term access to cars and light motor vehicles for individuals and businesses. The customers of this industry can be found across various NACE codes, including 49.32 Taxi operation, 49.39 Other passenger land transport n.e.c., 46.71 Wholesale of solid, liquid and gaseous fuels and related products, and 68.20 Renting and operating of own or leased real estate, among others. The rental and leasing of vehicles enables these industries to meet their transportation needs without the burden of vehicle ownership.