Auto rush gears up as Driver and Turbo hit market

FirstRand’s Turbo Finance, priced on Monday, was the first auto deal to hit the European ABS market this year, but it should be followed quickly by VW’s Driver Eight, which lead managers Commerzbank and Société Générale are due to be price on Wednesday. Lloyd Banking Group’s Cars 2011-1 is on a roadshow this week, with pricing expected next week.