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NAICS Code· 532112

NAICS 532112: Passenger Car Leasing

This U.S. industry comprises establishments primarily engaged in leasing passenger cars without drivers, generally for long periods of time. Illustrative Examples: Passenger car leasing Passenger truck (light duty) leasing Passenger van leasing Sport utility vehicle leasing Cross-References. Establishments primarily engaged in--Show more

NAICS 532112 – Passenger Car Leasing covers the rental and leasing of passenger automobiles for government use, including sedans, SUVs, and light-duty vehicles configured for official transportation needs. This sector supports federal mobility requirements through long-term leasing agreements that provide fleet management, maintenance coordination, insurance, and compliance services.

6
Active Contracts
$58.0M
Total Obligations (12mo)
689
Awarded Contracts (12mo)
72
Contractors Awarded (12mo)
2
Median Bidders per Award
-27.1%
YoY Growth

Industry Spending Overview

Federal obligations, top contractors and agencies, and related industry codes for NAICS 532112.

AI Industry Description

NAICS 532112 – Passenger Car Leasing covers the rental and leasing of passenger automobiles for government use, including sedans, SUVs, and light-duty vehicles configured for official transportation needs. This sector supports federal mobility requirements through long-term leasing agreements that p...

NAICS 532112 – Passenger Car Leasing covers the rental and leasing of passenger automobiles for government use, including sedans, SUVs, and light-duty vehicles configured for official transportation needs. This sector supports federal mobility requirements through long-term leasing agreements that provide fleet management, maintenance coordination, insurance, and compliance services. Unlike vehicle purchases, leasing allows agencies to maintain updated, fuel-efficient, and technologically equipped fleets without capital expenditure, aligning with sustainability goals and lifecycle cost optimization strategies. In the government contracting landscape, this NAICS enables agencies to outsource vehicle logistics while retaining operational control, making it a critical component of fleet modernization and administrative support programs. The leading contractor in this sector is BPM SERVICES INC, a specialized provider of government fleet solutions with deep expertise in compliance-driven leasing operations. The competitive landscape is dominated by large primes with established federal contracting infrastructure, as few small businesses operate at scale in this highly regulated, logistics-intensive niche. Contractors must demonstrate robust compliance with federal vehicle standards, cybersecurity protocols for fleet tracking systems, and experience managing multi-agency lease portfolios. The Department of Defense is the primary agency awarding contracts under this NAICS, leveraging passenger car leasing to support civilian personnel mobility, installation transportation, and mission-essential travel across domestic and overseas installations. Demand is driven by force structure mobility, security clearance requirements, and the need for standardized, secure, and maintainable vehicle fleets across military and defense support operations. The market is characterized by low contractor density and high barriers to entry due to regulatory complexity and operational scale requirements. Opportunities exist for contractors with proven experience in federal fleet management, integrated telematics, and compliance with FAR and DFARS provisions. Long-term, multi-year lease structures dominate procurement, favoring vendors with strong financial stability and nationwide service networks.

Small Business Size Standard

The SBA threshold that decides who can bid NAICS 532112 work as a small business.

$47.0M
Applies to the whole industry code

The SBA cap for this NAICS (13 CFR 121.201). A business at or under it can self-certify as small for work in this code, which is what makes it eligible for a small-business set-aside. The cap is set per NAICS, so the same company can be small in one code and not in another.

13 CFR 121.201, effective January 1, 2026. The SBA revises the table roughly once a year.

Top Contractors

Companies with the highest total award value under NAICS 532112, ranked by dollars won.

Ranked by total awards
CompanyTotal AwardsContracts
MATRAN, INC.$9.9M178
PYRAMID CAR RENTAL SARL$9.0M1
THE HERTZ CORPORATION$7.8M177
CHERRY TRADING COMPANY$6.2M26
HERC RENTALS INC$2.7M72
AL MULLA RENTAL & LEASING OF VEHICLES & EQUIPMENT CO. KSCC$1.7M7
AZRAQ CASTLE LOGISTICS COMPANY LLC$1.4M2
FGI SOLUTIONS LLC$1.4M3
PREMIER LEASING, INC.$1.3M28
KUWAIT RESOURCES HOUSE FOR HUMAN RESOURCES MANAGEMENT AND SERVICES COMPANY K.S.C.C.$1.1M20

Top Agencies

Federal agencies directing the most contract spending toward NAICS 532112.

Department Of Defense202 awards$34.7M
General Services Administration452 awards$21.6M
Department Of State23 awards$1.1M
Department Of Homeland Security4 awards$452K
Department Of The Interior1 award$105K
Department Of Justice3 awards$19K
Department Of Agriculture1 award$19K
Department Of Veterans Affairs1 award$13K
Executive Office Of The President1 award$12K
Department Of Transportation1 award$11K

Competition

How many companies historically bid on federal awards in NAICS 532112, from bidder counts reported on USAspending.

Fewer Bidders

Median under 3 bidders per reported award. · 18,088 reported awards

Median Bidders

2

Per reported award, all-time

Single-Bid Awards

37%

Share of reported awards with one bidder

10+ Bidder Awards

4%

Share of reported awards with 10+ bidders

Reported Awards

18,088

92% of 19,654 total awards

Bidder Count Distribution by Fiscal Year

Share of reported awards in each bidder-count bracket per federal fiscal year.

How this code compares up the NAICS hierarchy. Parent cohorts pool every code under their prefix, so they are the steadier baseline when a 6-digit sample is thin.

Industry FamilyCompetitionMedian BiddersSingle-BidBidder MixReported Awards
532112This Code
Passenger Car Leasing
Fewer Bidders237%
18,08892% of 19,654
53211NAICS Industry
Fewer Bidders244%
58,79891% of 64,628
5321Industry Group
Automotive Equipment Rental and Leasing
Fewer Bidders243%
80,03190% of 88,857
532Subsector
Fewer Bidders243%
231,28090% of 257,242
53Sector
Real Estate and Rental and Leasing
Fewer Bidders232%
922,16088% of 1,046,906

Bidder counts reported on past federal awards in this NAICS (USAspending). An open opportunity has no bidders yet, so this is the historical norm for similar work, not a fact about this solicitation. Not all awards report bidder counts, and fewer bidders often means incumbent-held work rather than an easier win. Federal reporting of bidder counts fell from ~96% of awards (FY2016) to ~30% (FY2018 onward); the chart shows shares of reported awards, and washed-out stretches mark years with fewer than 30 of them.

Related NAICS Codes

Industries similar to Passenger Car Leasing, by shared sector, subsector, and industry group.

Passenger Car Rental

This U.S. industry comprises establishments primarily engaged in renting passenger cars without driv...
532111Same Industry GroupHigh Similarity

Truck, Utility Trailer, and RV (Recreational Vehicle) Rental and Leasing

This industry comprises establishments primarily engaged in renting or leasing, without drivers, one...
532120Same Industry GroupHigh Similarity

Consumer Electronics and Appliances Rental

This industry comprises establishments primarily engaged in renting consumer electronics equipment a...
532210Same SubsectorMedium Similarity

Formal Wear and Costume Rental

This U.S. industry comprises establishments primarily engaged in renting clothing, such as formal we...
532281Same SubsectorMedium Similarity

Video Tape and Disc Rental

This U.S. industry comprises establishments primarily engaged in renting prerecorded video tapes and...
532282Same SubsectorMedium Similarity

Home Health Equipment Rental

This U.S. industry comprises establishments primarily engaged in renting home-type health and invali...
532283Same SubsectorMedium Similarity

Recreational Goods Rental

This U.S. industry comprises establishments primarily engaged in renting recreational goods, such as...
532284Same SubsectorMedium Similarity

All Other Consumer Goods Rental

This U.S. industry comprises establishments primarily engaged in renting consumer goods and products...
532289Same SubsectorMedium Similarity

Explore contracts across multiple NAICS codes Browse all NAICS Codes

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NAICS 532112 FAQ

Frequently Asked Questions

NAICS code 532112 covers Passenger Car Leasing. This U.S. industry comprises establishments primarily engaged in leasing passenger cars without drivers, generally for long periods of time. Illustrative Examples: Passenger car leasing Passenger truck (light duty) leasing Passenger van leasing Sport utility vehicle leasing Cross-References. Establishments primarily engaged in--

Recently Posted in Passenger Car Leasing

NAICS: 532112
New
Federal
SOCPAC Passenger Car Leasing RFI
Solicitation # H9228010152026
Special Operations Command Pacific (SOCPAC) has issued a Request for Information (RFI) under NAICS code 532112 to identify capable vendors for a potential five-year Blanket Purchase Agreement (BPA). The objective is to secure commercial passenger rental car leasing services on the island of Oahu, Hawaii. The government intends to lease up to twelve full-size or standard commercial SUVs on a continuous six-month basis to support rotational operational requirements, logistics movement, and transit. The required vehicles must be safe and operable, capable of seating three adult occupants and accommodating at least nine large military duffel bags. Key operational requirements include unlimited mileage within Oahu, 24/7 roadside assistance, and the provision of an equivalent replacement vehicle within four hours of notification for breakdowns or recalls. All pickup and return activities will occur at Daniel K. Inouye International Airport (HNL). The contractor must be a certified, licensed commercial car rental agency with facilities at or near HNL, and all personnel must be US citizens. Administrative requirements include the use of Wide Area Workflow (WAWF) or government credit platforms for invoicing and the provision of comprehensive collision/loss damage waivers. Interested parties must submit a detailed capability statement, including their CAGE code, UEI number, and socioeconomic status, to the designated point of contact by October 23, 2026. This RFI is for planning purposes only and does not constitute a formal request for proposal or a commitment to award a contract.
Socpac

POSTED

3 days ago

DEADLINE

in 5 days
View Details
NAICS: 532112
New
Federal
School Bus Vehicle Supply and LeasingThis subcontract involves the supply and leasing of school buses for prime contractors supporting Department of Defense Education Activity projects at the West Point Military Community in New York. The scope of work includes providing both standard and modified special education buses, ensuring all vehicles are equipped with necessary safety systems and strictly adhere to Federal, State, and DoWEA safety specifications and inspection schedules. The opportunity is designated as a total Small Business Set Aside under NAICS code 532112. Interested parties must submit their responses by October 28, 2026, to ensure the delivery of a fully compliant and maintained vehicle fleet for the agency.
DOD Education Activity

POSTED

4 days ago

DEADLINE

in 10 days
View Details
NAICS: 532112
Closed
Federal
REQUEST FOR QUOTATION NO. N4008426Q1023 STRAIGHT VEHICLE LEASE FOR NAVAL CRIMINAL INVESTIGATIVE SERVICE, NAVAL FACILITIES ENGINEERING SYSTEMS COMMAND FAR EAST AREA OF RESPONSIBILITY
Solicitation # N4008426Q1023
Solicitation N4008426Q1023 is a Request for Quotation issued by NAVFACsyscom Far East for the straight lease of 60 motor vehicles to support Naval Criminal Investigative Service field offices in Atsugi, Iwakuni, Misawa, Okinawa, Sasebo, and Yokosuka, Japan. The requirement includes a variety of vehicle types, specifically compact sedans, sports utility vehicles, passenger vans, and truck van panels. All vehicles must be current-production models available in the Japanese market, featuring right-hand drive and compliance with Japanese Motor Vehicle Safety Standards and emissions controls. The base period of performance begins on July 1, 2027, with the total contract duration not to exceed 60 months including option years. The contractor is responsible for all costs associated with inspection, statutory inspection, repair, parts, and labor, and must provide an annual maintenance plan. Vehicles must be delivered to various destinations in Japan on or before July 1, 2027, with deliveries permitted no earlier than 30 days prior to that date. Award will be made to the responsive and responsible offeror who meets all mandatory technical characteristics at the lowest price, evaluated using Simplified Acquisition Procedures. Quotations must be submitted in English via the PIEE website in PDF format. Payment will be processed electronically through the Wide Area WorkFlow system.
Navfacsyscom Far East

POSTED

26 days ago

CLOSED

12 days ago
View Details
NAICS: 532112
Awarded
Federal
Djibouti Vehicle Leases
Solicitation # N63285-26-P-S075
The Department of Defense, through NCIS Quantico VA, has issued an award notice for the leasing of four V-6 4x4 Sports Utility Vehicles equipped with 4.2L turbo engines. This contract, identified by solicitation number N63285-26-P-S075, is structured with a base period and four additional option years. The procurement falls under NAICS code 532112 and was posted on September 14, 2026. There was no specific set-aside used for this award. Primary coordination for the contract is managed by Colleen Powers and Judith Campbell at the Quantico, Virginia office.
Ncis Quantico VA

POSTED

about 1 month ago

DEADLINE

N/A
View Details
NAICS: 532112
Awarded
SLED
DAS - Fleet Master Lease Lessor
Solicitation # SRC0000040266
The State of Ohio, through the Department of Administrative Services and the Office of Fleet Management, is establishing a Fleet Master Lease Program to provide lease-to-purchase financing for motor vehicles used by eligible state agencies. Under this requirements contract, the selected Lessor acts solely as a financing entity and does not own or operate the vehicles. The contract is effective from January 1, 2027, to December 12, 31, 2028, with an option for a one-month discretionary renewal by the agency and further mutual renewals up to a cumulative total of 48 months. The program supports various vehicle types and sizes with amortization periods ranging from 36 to 84 months, requiring a minimum financing amount of 18,000 dollars per motor vehicle group. This is a firm fixed-percentage contract awarded to the lowest responsive and responsible bidder based on the lowest overall lot total percentage. Bidders are evaluated on their Cost of Capital Rates and a single Credit Spread percentage used across all lease terms. Payments are structured as quarterly installments of principal and interest in arrears, with the Lessor required to pay vehicle vendors within 30 days of receiving a Certificate of Acceptance and invoice. Key restrictions include a total prohibition on subcontractors and a ban on selling or pledging the contract as collateral. Additionally, the contract mandates compliance with the Ohio Ethics Law, non-discrimination statutes, and drug-free workplace regulations, while allowing state agencies the discretion to self-insure for collision and comprehensive coverage.
Administrative Services

POSTED

about 1 month ago

CLOSED

13 days ago
View Details
NAICS: 532112
SLED
Specialized Vehicle Supplier/LeasingThis subcontract opportunity with OC Community Resources in California focuses on the supply and leasing of ADA-compliant, wheelchair-accessible vehicles for prime contractors working on County of Orange SNEMT projects. The selected provider will deliver a fleet of vans and buses equipped with ramps or lifts that adhere to all federal and state safety and accessibility laws, while also providing ongoing maintenance and fleet management support for all leased assets. The solicitation was posted on September 9, 2026, with a response deadline of October 23, 2026. Classified under NAICS code 532112, the contract ensures the availability of specialized transportation equipment necessary to meet the accessibility requirements of the agency's transit projects.
OC Community Resources

POSTED

about 1 month ago

DEADLINE

in 5 days
View Details
NAICS: 532112
Awarded
Federal
LEASE OF NON-TACTICAL VEHICLES (NTVs), Saudi
Solicitation # W912ER26CA027
The US Army Corps of Engineers Transatlantic Middle East District has issued an award notice for the lease of non-tactical vehicles within Saudi Arabia. This contract, identified by solicitation number W912ER26CA027, falls under the NAICS code 532112 for passenger vehicle rentals. The agreement is managed by the Department of Defense through the Middle East District office located in Winchester, Virginia. Melissa Hunt serves as the primary point of contact for this procurement effort.
W076 Endist Middle Eas(provis)

POSTED

about 1 month ago

DEADLINE

N/A
View Details
NAICS: 532112
Closed
SLED
Golf Cart Lease-Cheraw State Park
Solicitation # 5400030081
The South Carolina Department of Parks, Recreation and Tourism is soliciting a lease agreement for the procurement of seventy-two golf carts and seven utility carts for Cheraw State Park. The contract specifies a lease term of thirty-six months to support the park's operational needs. This solicitation, identified by number 5400030081, was posted on September 1, 2026, with a response deadline of September 24, 2026. Interested parties should coordinate with the primary point of contact, Alicia Sanders, regarding the performance of this agreement within the state of South Carolina.
Department Of Parks, Recreation And Tourism

POSTED

about 2 months ago

CLOSED

24 days ago
View Details
NAICS: 532112
Awarded
Federal
Djibouti Vehicle Leases
Solicitation # N6328526QS092
The Naval Criminal Investigative Service Resident Agency in Djibouti is seeking to lease four 2026 model Toyota Land Cruiser HZJ 76 4x4 SUVs, or equivalent vehicles, under a firm fixed-price contract with a one-year base period and four one-year option periods, running through September 2031. The vehicles must be capable of operating in extreme conditions including rough terrain, high temperatures, and low-quality roads, and must meet specific technical specifications including a 4.5L turbo diesel engine with 195 horsepower and 43.8 kg torque. All vehicles must be new, delivered during Government working hours (0700 to 1600) on the first day of each lease period, and accompanied by required documentation including insurance policies, property tax receipts, circulation booklets, lease agreements, and roadside emergency instructions. The Contractor is responsible for unscheduled repairs, roadside assistance with a two-hour response time, and providing replacement vehicles within 24 hours if any unit is out of service for more than a day, up to a maximum of 30 calendar days. Routine maintenance is the responsibility of the U.S. Government per manufacturer guidelines, while the Contractor must ensure all vehicles are properly licensed, insured, and maintained to remain safe and reliable. The contract performance location is Djibouti, and the Government will conduct joint inspections at the destination prior to acceptance. Invoicing must be submitted monthly via Wide Area Workflow using specific DoDAACs, with payments tied to verified completion of services. The award will be made on a Lowest Price Technically Acceptable basis, with technical acceptability assessed against mandatory requirements for item numbers 0001 through 4001, and administrative compliance including SAM registration, UEI and CAGE codes, TIN, and representations regarding covered telecommunications equipment. No partial awards are permitted, and proposals that include vendor-specific terms or fail to submit complete information will be deemed non-responsive. The Government prohibits the use of lead, asbestos, or PCB-containing materials, requires compliance with local laws, and mandates that any Contractor-furnished items deemed inadequate be replaced at no cost. The solicitation requires electronic submission of quotes by July 10, 2026, to designated NCIS email points of contact, with no discussions anticipated prior to award.
Ncis Quantico VA

POSTED

about 2 months ago

DEADLINE

N/A
View Details
NAICS: 532112
Closed
Federal
Chauffeur and Passenger Transport ServicesThis subcontract for Chauffeur and Passenger Transport Services supports prime contractors on US Government projects within the United Kingdom. The service provider is responsible for executing passenger transfers to London Heathrow, Gatwick, and Luton airports using a fleet of sedans, vans, and buses. The contractor must manage all operational logistics, including route planning and all running expenses such as fuel and vehicle servicing. To qualify for this role, personnel must possess valid driver's licenses, demonstrate proficiency in English, and obtain police clearance to meet security accreditation requirements. The contract is managed under the Department of State for the US Embassy London, with a response deadline of October 1, 2026. The primary objective is the successful delivery of completed passenger transport trips within the London area.
US Embassy London

POSTED

about 2 months ago

CLOSED

17 days ago
View Details
NAICS: 532112
Closed
Federal
Amendment 0002 - Extension - RFQ: 19KU2026Q0015 - Lease of two (2) Mid-Size SUVs
Solicitation # 19KU2026Q0015
The U.S. Embassy in Kuwait has issued Request for Quotations 19KU2026Q0015 for the lease of two mid-size SUVs for a one-year base period, with an option to extend for one additional year. The contract is a firm-fixed-price award intended for the lowest-priced, technically acceptable, and responsible contractor. Eligible bidders must be authorized and licensed vehicle leasing companies operating within the State of Kuwait, and subcontracting is strictly prohibited. The vehicles must be new, unused 2025, 2026, or 2027 models with specific mechanical and safety requirements, including a minimum of 6 cylinders, 250 horsepower, automatic transmission, and a minimum 4-star safety rating. The lease must include unlimited mileage, 24/7 emergency roadside assistance, routine maintenance, and full comprehensive insurance. Additionally, the contractor must provide a replacement vehicle at no extra cost if repairs exceed five hours. Prospective offerors are required to submit their quotations electronically via email to Kuwait_Solicitation@state.gov by August 27, 2026, at 10:00 am Kuwait local time. Submissions must consist of four separate attachments: the completed SF-1449, an introduction, a technical proposal, and a price schedule in Microsoft Word format. Offerors must maintain an active SAM registration or complete FAR 52.204-90. The evaluation process includes pass/fail gates for completeness, technical acceptability, and responsibility determination. Special requirements include compliance with Department of State branding and marking standards, disclosure of any artificial intelligence use in contract performance, and adherence to security prohibitions regarding certain telecommunications equipment and unmanned aircraft systems. All pricing must be provided in Kuwaiti Dinars.
US Embassy Kuwait

POSTED

about 2 months ago

CLOSED

about 2 months ago
View Details
NAICS: 532112
Closed
Federal
NTV lease for Fort Hood Range Operations
Solicitation # PANMCC26P0000053767
This Sources Sought and Request for Information notice, issued by the Department of Defense under the W6QM Micc-Fdo Ft Hood, seeks to identify potential vendors for the lease of Non-Tactical Vehicles (NTV) to support Fort Hood Range Operations in Texas. The requirement encompasses a diverse fleet of vehicles designed for various operational needs, including eight 4X4 truck stakes with 1 to 1-1/2 ton capacity, one 4X2 truck stake, four stake or flatbed trucks with 10 to 14 foot beds, and one 6X4 dump truck featuring a 12 to 14 cubic yard steel body. Additionally, the fleet must include one 4X2 truck wrecker equipped with a standard towing recovery package and four full-size, 4X4 extended cab pickup trucks. Interested parties should note that the solicitation is categorized under NAICS code 532112 and was posted on August 19, 2026. The deadline for submitting responses to this RFI is August 25, 2026, at 4:00 PM. This preliminary market research phase is intended to gather information regarding industry capabilities to inform future procurement actions for the specified vehicle types and weight ratings. Detailed technical specifications and performance requirements are outlined in the associated Performance Work Statement.
W6QM Micc-Fdo Ft Hood

POSTED

2 months ago

CLOSED

about 2 months ago
View Details

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