NAICS Code 532111-02 - Automobile-Antique/Classic-Renting/Lsng

Marketing Level - NAICS 8-Digit

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Total Companies

3

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NAICS Code 532111-02 Description (8-Digit)

The Automobile-Antique/Classic-Renting/Lsng industry involves the renting and leasing of antique and classic cars. These cars are typically older models that are no longer in production and are considered collectibles. This industry caters to individuals who are looking for a unique and nostalgic driving experience, such as for weddings, special events, or photo shoots.

Hierarchy Navigation for NAICS Code 532111-02

Parent Code (less specific)

Tools

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

  • Car covers
  • Battery chargers
  • Detailing supplies
  • Car lifts
  • Engine hoists
  • Jack stands
  • Tire changers
  • Wheel balancers
  • Paint guns
  • Sandblasters

Industry Examples of Automobile-Antique/Classic-Renting/Lsng

Common products and services typical of NAICS Code 532111-02, illustrating the main business activities and contributions to the market.

  • Vintage car rental
  • Classic car leasing
  • Antique car rental
  • Retro car rental
  • Old car leasing
  • Historic car rental
  • Collectible car leasing
  • Nostalgic car rental
  • Iconic car leasing
  • Timeless car rental

Certifications, Compliance and Licenses for NAICS Code 532111-02 - Automobile-Antique/Classic-Renting/Lsng

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Antique Automobile License Plate: A special license plate issued by the Department of Motor Vehicles (DMV) that allows antique vehicles to be driven on public roads. Antique vehicles are defined as those that are at least 25 years old and are maintained for use in exhibitions, parades, and other public events. The DMV issues these plates to eligible vehicles upon request.
  • Business License: A license issued by the local government that allows a business to operate within a specific jurisdiction. This license is required for all businesses, including those in the automobile-antique/classic-renting/leasing industry. The requirements for obtaining a business license vary by jurisdiction.
  • Sales Tax Permit: A permit issued by the state government that allows a business to collect sales tax from customers. This permit is required for all businesses that sell taxable goods or services, including those in the automobile-antique/classic-renting/leasing industry. The requirements for obtaining a sales tax permit vary by state.
  • Zoning Permit: A permit issued by the local government that allows a business to operate in a specific location. This permit is required for all businesses, including those in the automobile-antique/classic-renting/leasing industry. The requirements for obtaining a zoning permit vary by jurisdiction.
  • Environmental Permits: Permits issued by federal, state, or local agencies that regulate the impact of a business on the environment. These permits are required for businesses that generate hazardous waste, emit pollutants, or engage in other activities that may harm the environment. The requirements for obtaining environmental permits vary by jurisdiction and industry.

History

A concise historical narrative of NAICS Code 532111-02 covering global milestones and recent developments within the United States.

  • The "Automobile-Antique/Classic-Renting/Lsng" industry has a rich history worldwide, with the first antique car shows dating back to the early 1900s. In the United States, the industry gained popularity in the 1950s and 1960s, with the establishment of car clubs and the rise of car culture. In the 1970s, the industry faced challenges due to the oil crisis, but it rebounded in the 1980s with the emergence of new markets and the increasing popularity of classic cars as investments. In recent years, the industry has continued to grow, with the rise of online marketplaces and the increasing demand for unique and nostalgic experiences. The "Automobile-Antique/Classic-Renting/Lsng" industry in the United States has seen significant growth in recent years, with the increasing popularity of classic cars as investments and the rise of experiential tourism. In 2019, the industry generated over $1 billion in revenue, with a growth rate of 3.2%. The industry has also seen the emergence of new players, such as peer-to-peer rental platforms and online marketplaces, which have disrupted traditional business models. Despite challenges posed by the COVID-19 pandemic, the industry is expected to continue to grow in the coming years, driven by the increasing demand for unique and nostalgic experiences.

Future Outlook for Automobile-Antique/Classic-Renting/Lsng

The anticipated future trajectory of the NAICS 532111-02 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Automobile-Antique/Classic-Renting/Lsng industry in the USA is positive. The industry is expected to grow due to the increasing demand for classic and antique cars for events such as weddings, proms, and other special occasions. Additionally, the rise of car-sharing services has created a new market for antique and classic car rentals, as consumers seek unique and memorable experiences. The industry is also expected to benefit from the growing popularity of vintage cars among collectors and enthusiasts. However, the industry may face challenges such as rising insurance costs and the need to maintain and repair aging vehicles. Overall, the industry is expected to continue to grow in the coming years, driven by the demand for unique and memorable experiences.

Industry Innovations for NAICS Code 532111-02

Recent groundbreaking advancements and milestones in the Automobile-Antique/Classic-Renting/Lsng industry, reflecting notable innovations that have reshaped its landscape.

  • Online Booking Platforms: Many companies in the Automobile-Antique/Classic-Renting/Lsng industry have developed online booking platforms, making it easier for customers to reserve and pay for rentals online.
  • Mobile Apps: Some companies have developed mobile apps that allow customers to browse available cars, view photos and descriptions, and book rentals directly from their smartphones.
  • Expanded Fleets: Many companies have expanded their fleets to include a wider range of antique and classic cars, offering customers more options to choose from.
  • Customization Options: Some companies offer customization options for their rentals, such as adding personalized license plates or decorations for special events.
  • Environmental Initiatives: Some companies in the industry have implemented environmentally friendly initiatives, such as using electric or hybrid vehicles in their fleets, to appeal to customers who are concerned about sustainability.

NAICS Code 532111-02 - Automobile-Antique/Classic-Renting/Lsng

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