Automotive equipment rental and leasing, 2016
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Released: 2017-12-12
In 2016, the operating revenue for the automotive equipment rental and leasing industry group was $6.1 billion, up 4.8% from 2015. This coincided with an increase in tourism expenditures and the number of air travellers in Canada.
Operating expenses increased by 4.5% to $5.3 billion, as the operating profit margin increased to 12.6%. The three largest expenses for this industry group were amortization and depreciation (27.0%), salaries, wages, commissions and benefits (19.4%) and cost of goods sold (13.8%).
At the provincial level, most of the operating revenue was generated by Ontario firms (40.6%), followed by Quebec (19.1%), Alberta (17.0%) and British Columbia (14.1%).
Alberta and Saskatchewan were the only two provinces reporting lower operating revenue for this industry group in 2016. Operating revenue in Alberta decreased by 5.7% to $1.0 billion, while in Saskatchewan it decreased by 9.8% to $102.7 million. The declines in these provinces were more than offset by the strong growth in operating revenue in Ontario, Quebec and British Columbia. Ontario's operating revenue increased by 8.0% to $2.5 billion, Quebec's increased by 5.5% to $1.2 billion, and British Columbia's increased by 11.4% to $863 million.
Sales to the business sector accounted for 53.1% of total sales, followed by individuals and households at 41.3%. The share coming from sales to individuals and households increased 2.3 percentage points from the previous year. At the same time, sales to businesses decreased by 2.3 percentage points. The remaining client base was split between sales to government, not-for-profit and public institutions (4.2%) and clients outside Canada (1.4%).
Note to readers
Data for 2013, 2014 and 2015 have been revised.
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