NAICS Code 532111-01 - Automobile Renting

Marketing Level - NAICS 8-Digit

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NAICS CODE 532111-01
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NAICS Code 532111-01 Description (8-Digit)

Automobile Renting is a business activity that involves renting out passenger cars to customers for a specified period of time. This industry is a subdivision of the NAICS Code 532111, which is focused on Passenger Car Rental. Automobile Renting companies typically have a fleet of vehicles that are available for rent, ranging from economy cars to luxury vehicles. Customers can rent these cars for a variety of purposes, such as business trips, vacations, or special events.

Parent Code - Official US Census

Official 6‑digit NAICS codes serve as the parent classification used for government registrations and documentation. The marketing-level 8‑digit codes act as child extensions of these official classifications, providing refined segmentation for more precise targeting and detailed niche insights. Related industries are listed under the parent code, offering a broader context of the industry environment. For further details on the official classification for this industry, please visit the U.S. Census Bureau NAICS Code 532111 page

Tools

Tools commonly used in the Automobile Renting industry for day-to-day tasks and operations.

  • Reservation software
  • GPS tracking systems
  • Vehicle maintenance software
  • Fuel management systems
  • Online booking platforms
  • Customer relationship management (CRM) software
  • Fleet management software
  • Payment processing software
  • Inventory management software
  • Mobile apps for customers

Industry Examples of Automobile Renting

Common products and services typical of NAICS Code 532111-01, illustrating the main business activities and contributions to the market.

  • Airport car rental
  • Car sharing services
  • Luxury car rental
  • Long-term car rental
  • Short-term car rental
  • Event car rental
  • Vacation car rental
  • Corporate car rental
  • Student car rental
  • Government car rental

History

A concise historical narrative of NAICS Code 532111-01 covering global milestones and recent developments within the United States.

  • The automobile renting industry has a long and rich history dating back to the early 1900s when the first car rental company was established in Germany. In the United States, the industry began to take shape in the 1920s when rental companies started to offer cars for hire to travelers. The industry experienced significant growth in the 1950s and 1960s, as air travel became more popular and car rentals became a convenient way for travelers to get around. In recent years, the industry has seen a shift towards more environmentally friendly vehicles, with many companies offering hybrid and electric cars for rent. In the United States, the automobile renting industry has undergone significant changes in recent years. The industry has become more competitive, with new players entering the market and established companies expanding their offerings. The rise of ride-sharing services has also had an impact on the industry, with some companies adapting to the changing landscape by offering their own ride-sharing services. Additionally, the COVID-19 pandemic has had a significant impact on the industry, with many companies experiencing a decline in business due to travel restrictions and reduced demand for rental cars.