Automotive equipment rental and leasing operating revenue in 2022 eclipsed 2019 level
The operating revenue of the automotive equipment rental and leasing industry group increased by 20.8% in 2022 to $8.6 billion. It took two years for the industry group to recover from the COVID-19 pandemic; operating revenues in 2022 were nearly 10% above 2019 levels. This industry group includes establishments primarily engaged in renting or leasing vehicles, such as passenger cars, passenger vans, trucks, truck tractors, buses, semi-trailers, utility trailers and recreational vehicles, without drivers.
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