Investor Report

Mercedes-Benz Auto Receivables Trust 2014-1

Collection Period Ended

Page 1 of 5

Amounts in USD

30-Sep-2017

Dates

Interest Period of the Class A-1 Notes (from... to)

Collection Period (from... to)

16-Oct-2017

Distribution Date

30-Sep-2017

1-Sep-2017

30/360 Days

Actual/360 Days

Collection Period No.

Determination Date

Interest Period of the Class A-2, A-3 and A-4 Notes (from... to)

12-Oct-2017

Record Date

13-Oct-2017

16-Oct-2017

15-Sep-2017

15-Oct-2017

15-Sep-2017

Summary

Balance

Beginning

Ending

Principal

Payment

Principal per $1000

Face Amount

Initial

Note

Factor

Balance

0.00

Class A-1 Notes

0.000000

295,000,000.00

0.000000

0.00

Class A-2 Notes

0.000000

343,100,000.00

0.000000

4,615,319.58

0.00

Class A-3 Notes

12.279032

375,870,000.00

0.000000

110,500,000.00

6,696,616.43

103,803,383.57

Class A-4 Notes

60.602864

110,500,000.00

0.939397

115,115,319.58

103,803,383.57

11,311,936.01

Total Note Balance

1,124,470,000.00

Yield Supplement Overcollateralization Amount

Adjusted Pool Balance

Overcollateralization

4,504,975.07

28,832,498.44

143,947,818.02

28,832,498.44

Pool Balance

148,941,064.75

137,140,857.08

1,202,489,808.91

1,153,299,937.71

49,189,871.20

4,993,246.73

132,635,882.01

28,829,937.71

Initial Overcollateralization Amount

Target Overcollateralization Amount

Current Overcollateralization Amount

Amount

Percentage

28,832,498.44

2.50%

28,829,937.71

2.50%

28,832,498.44

Interest Payment

Interest per

Interest & Principal

Payment

Interest & Principal Payment

per $1000 Face Amount

Interest Rate

$1000 Face Amount

Class A-1 Notes

0.180000%

0.00

0.000000

0.00

0.000000

Class A-2 Notes

0.430000%

0.00

0.000000

0.00

0.000000

Class A-3 Notes

0.870000%

3,346.11

0.008902

4,618,665.69

12.287934

Class A-4 Notes

1.310000%

120,629.17

1.091667

6,817,245.60

61.694530

$11,435,911.29

Total

$123,975.28

Investor Report

Mercedes-Benz Auto Receivables Trust 2014-1

Collection Period Ended

Page 2 of 5

Amounts in USD

30-Sep-2017

Net Liquidation Proceeds

Investment Earnings

Reserve Fund Draw Amount

Available Funds

Interest Collections

Purchase Amounts

Principal Collections

0.00

Advances made by the Servicer

Available Collections

11,974,580.97

Recoveries

0.00

11,602,097.28

11,974,580.97

32,305.27

23,041.98

310,487.47

6,648.97

0.00

(1) Total Servicing Fee

(2) Total Trustee Fees (max. $100,000 p.a.)

Nonrecoverable Advances to the Servicer

124,117.55

0.00

(3) Interest Distributable Amount Class A Notes

(4) Priority Principal Distributable Amount

123,975.28

0.00

(5) To Reserve Fund to reach the Reserve Fund Required Amount

(6) Regular Principal Distributable Amount

(7) Additional Servicing Fee and Transition Costs

0.00

11,311,936.01

0.00

(8) Total Trustee Fees [not previously paid under (2)]

0.00

(9) Excess Collections to Certificateholders

414,552.13

Total Distribution

11,974,580.97

Distributions

Available Funds

Distribution Detail

Paid

Shortfall

Due

0.00

124,117.55

Total Servicing Fee

Total Trustee Fee

0.00

123,975.28

0.00

Monthly Interest Distributable Amount

thereof on Class A-1 Notes

0.00

thereof on Class A-2 Notes

0.00

thereof on Class A-3 Notes

3,346.11

0.00

3,346.11

thereof on Class A-4 Notes

120,629.17

0.00

120,629.17

Interest Carryover Shortfall Amount

0.00

thereof on Class A-1 Notes

0.00

thereof on Class A-2 Notes

0.00

thereof on Class A-3 Notes

0.00

thereof on Class A-4 Notes

0.00

123,975.28

0.00

Interest Distributable Amount Class A Notes

Priority Principal Distributable Amount

0.00

Regular Principal Distributable Amount

11,311,936.01

0.00

11,311,936.01

Aggregate Principal Distributable Amount

11,311,936.01

0.00

Investor Report

Mercedes-Benz Auto Receivables Trust 2014-1

Collection Period Ended

Page 3 of 5

Amounts in USD

30-Sep-2017

Reserve Fund and Investment Earnings

Investment Earnings

Net Investment Earnings on the Reserve Fund

Reserve Fund

Reserve Fund Amount - Beginning Balance

Reserve Fund Deficiency

Reserve Fund Amount - Ending Balance

2,883,249.84

0.00

2,883,249.84

Reserve Fund Required Amount

plus top up Reserve Fund up to the Required Amount

plus Net Investment Earnings for the Collection Period

minus Net Investment Earnings

minus Reserve Fund Draw Amount

0.00

Investment Earnings for the Collection Period

Net Investment Earnings on the Collection Account

5,345.40

1,303.57

6,648.97

2,883,249.84

Notice to Investors

Investor Report

Mercedes-Benz Auto Receivables Trust 2014-1

Collection Period Ended

Page 4 of 5

Amounts in USD

30-Sep-2017

Pool Statistics

Principal Gross Losses

Pool Data

1,202,489,808.91

2.54%

18.55

47.40

Cutoff Date Pool Balance

Amount

Number of Receivables

Pool Balance beginning of Collection Period

148,941,064.75

Principal Collections

Principal Collections attributable to Full Pay-offs

Principal Purchase Amounts

Pool Balance end of Collection Period

Weighted Average APR

3,187,670.39

0.00

198,110.39

137,140,857.08

14,739

15,306

Weighted Average Number of Remaining Payments

Weighted Average Seasoning (months)

As of Cutoff Date

Current

43,511

8,414,426.89

2.67%

51.92

Pool Factor

11.40%

11.34

Investor Report

Mercedes-Benz Auto Receivables Trust 2014-1

Collection Period Ended

Page 5 of 5

Amounts in USD

30-Sep-2017

Delinquency Profile

(1) A receivable is not considered delinquent if the amount past due is less than 10% of the payment due under such receivable

Total

137,140,857.08

14,739

100.00%

91-120 Days Delinquent

0.04%

53,315.33

61-90 Days Delinquent

0.16%

222,623.12

31-60 Days Delinquent

101

0.91%

1,242,367.34

Current

98.89%

135,622,551.29

14,611

Delinquency Profile

(1)

Amount

Number of Receivables

Percentage

Loss Statistics

Average Net Loss / (Gain)

8,915.91

Cumulative Principal Net Loss / (Gain) as % of Cutoff Date Pool Balance

Four Month Average

0.153%

Third Prior Collection Period

Second Prior Collection Period

Prior Collection Period

Current Collection Period

1.201%

Principal Net Loss / (Gain) as % of Average Pool Balance (annualized):

3,807,095.46

143,135.85

Principal Net Loss / (Gain)

Principal Recoveries

22,696.61

4,605,010.41

Principal Net Liquidation Proceeds

32,277.93

1,165,585.36

Principal Gross Losses

198,110.39

9,577,691.23

427

Losses

(1)

Amount

Number of Receivables

Amount

Current

Cumulative

0.317%

(1) Losses includes accounts that have been charged off with a balance remaining of less than $50. These accounts are excluded in the Number of Receivables count as they are not

considered a charge-off on a defaulted loan.

(1.987%)

0.183 %

1.215 %

Mercedes-Benz Auto Receivables Trust 2014-1 10-D