Leaseurope, the trade association representing the European leasing and automotive rental industries, has released the results of its European Annual and Ranking Surveys for 2013.

Leaseurope conducts a yearly survey of European leasing activities by collecting information from its member associations on their national leasing market.

The final figures of the 2013 Annual Statistical Survey broadly confirm the preliminary European market results published in March. Total new leasing volumes increased by 0.7% to reach %euro;251.9 billion ($344.7 billion).

Total new equipment leasing volumes, including vehicle leasing, grew by 1.9% to reach new business volumes of %euro;238.4 billion ($326.2 billion) or 94.6% of total new production in 2013. Vehicle leasing was the driving force behind the market’s performance in Europe and grew by 5.1%. New equipment leasing volumes (ex. vehicle leasing) were more subdued and fell by 3.6%. Nevertheless, these markets performed better in the second half of 2013 than in the first six months of the year.

To view the full survey, click here.