Investor Report

Mercedes-Benz Auto Receivables Trust 2016-1

Collection Period Ended

Page 1 of 5

Amounts in USD

30-Nov-2019

Dates

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

Collection Period (from... to)

16-Dec-2019

Distribution Date

30-Nov-2019

1-Nov-2019

30/360 Days

Actual/360 Days

Collection Period No.

Determination Date

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

12-Dec-2019

Record Date

13-Dec-2019

16-Dec-2019

15-Nov-2019

15-Dec-2019

15-Nov-2019

Summary

Balance

Beginning

Ending

Principal

Payment

Principal per $1000

Face Amount

Initial

Note

Factor

Balance

0.00

Class A-1 Notes

0.000000

350,000,000.00

0.000000

0.00

Class A-2A Notes

0.000000

500,000,000.00

0.000000

26,590,011.67

14,352,487.94

12,237,523.73

Class A-3 Notes

26.978361

532,000,000.00

0.023003

115,970,000.00

0.00

115,970,000.00

Class A-4 Notes

0.000000

115,970,000.00

1.000000

142,560,011.67

128,207,523.73

14,352,487.94

Total Note Balance

1,497,970,000.00

Yield Supplement Overcollateralization Amount

Adjusted Pool Balance

Overcollateralization

4,432,779.19

38,409,669.62

180,969,681.29

38,409,669.62

Pool Balance

185,883,324.83

171,049,972.54

1,591,275,988.02

1,536,386,784.98

54,889,203.04

4,913,643.54

166,617,193.35

38,416,784.98

Initial Overcollateralization Amount

Target Overcollateralization Amount

Current Overcollateralization Amount

Amount

Percentage

38,409,669.62

2.50%

38,416,784.98

2.50%

38,409,669.62

Interest Payment

Interest per

Interest & Principal

Payment

Interest & Principal Payment

per $1000 Face Amount

Interest Rate

$1000 Face Amount

Class A-1 Notes

0.750000%

0.00

0.000000

0.00

0.000000

Class A-2A Notes

1.110000%

0.00

0.000000

0.00

0.000000

Class A-3 Notes

1.260000%

27,919.51

0.052480

14,380,407.45

27.030841

Class A-4 Notes

1.460000%

141,096.83

1.216667

141,096.83

1.216667

$14,521,504.28

Total

$169,016.34

Investor Report

Mercedes-Benz Auto Receivables Trust 2016-1

Collection Period Ended

Page 2 of 5

Amounts in USD

30-Nov-2019

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

15,447,491.30

Recoveries

0.00

14,710,065.00

15,447,491.30

36,830.15

174,447.27

500,821.19

25,327.69

0.00

(1) Total Servicing Fee

(2) Total Trustee Fees and any Asset Representations Reviewer

fees (max. $250,000 p.a.)

Nonrecoverable Advances to the Servicer

154,902.77

0.00

(3) Interest Distributable Amount Class A Notes

(4) Priority Principal Distributable Amount

169,016.34

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

14,352,487.94

0.00

(8) Total Trustee Fees and any Asset Representations Reviewer

fees [not previously paid under (2)]

0.00

(9) Excess Collections to Certificateholders

Total Distribution

15,447,491.30

771,084.25

Distributions

Available Funds

Distribution Detail

Paid

Shortfall

Due

0.00

154,902.77

Total Servicing Fee

Total Trustee Fee

0.00

169,016.34

0.00

Monthly Interest Distributable Amount

thereof on Class A-1 Notes

0.00

thereof on Class A-2A Notes

0.00

thereof on Class A-3 Notes

27,919.51

0.00

27,919.51

thereof on Class A-4 Notes

141,096.83

0.00

141,096.83

Interest Carryover Shortfall Amount

0.00

thereof on Class A-1 Notes

0.00

thereof on Class A-2A Notes

0.00

thereof on Class A-3 Notes

0.00

thereof on Class A-4 Notes

0.00

169,016.34

0.00

Interest Distributable Amount Class A Notes

Priority Principal Distributable Amount

0.00

Regular Principal Distributable Amount

14,352,487.94

0.00

14,352,487.94

Aggregate Principal Distributable Amount

14,352,487.94

0.00

Investor Report

Mercedes-Benz Auto Receivables Trust 2016-1

Collection Period Ended

Page 3 of 5

Amounts in USD

30-Nov-2019

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

3,840,966.96

0.00

3,840,966.96

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

20,273.66

5,054.03

25,327.69

3,840,966.96

Notice to Investors

Investor Report

Mercedes-Benz Auto Receivables Trust 2016-1

Collection Period Ended

Page 4 of 5

Amounts in USD

30-Nov-2019

Pool Statistics

Principal Gross Losses

Pool Data

1,591,275,988.02

3.26%

19.34

51.42

Cutoff Date Pool Balance

Amount

Number of Receivables

Pool Balance beginning of Collection Period

185,883,324.83

Principal Collections

Principal Collections attributable to Full Pay-offs

Principal Purchase Amounts

Pool Balance end of Collection Period

Weighted Average APR

3,973,226.07

0.00

123,287.29

171,049,972.54

18,213

19,121

Weighted Average Number of Remaining Payments

Weighted Average Seasoning (months)

As of Cutoff Date

Current

59,357

10,736,838.93

3.09%

50.38

Pool Factor

10.75%

15.40

Investor Report

Mercedes-Benz Auto Receivables Trust 2016-1

Collection Period Ended

Page 5 of 5

Amounts in USD

30-Nov-2019

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

171,049,972.54

18,213

100.00%

91-120 Days Delinquent

0.08%

134,331.63

61-90 Days Delinquent

0.21%

359,673.00

31-60 Days Delinquent

120

1.00%

1,714,845.37

Current

98.71%

168,841,122.54

18,061

Delinquency Profile

(1)

Amount

Number of Receivables

Percentage

Delinquency Trigger

60+ Delinquency Loans to EOP Aggregate Securitization Value

Delinquency Trigger occurred

3.550%

0.289%

Loss Statistics

Average Net Loss / (Gain)

7,522.97

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

Four Month Average

0.281%

Third Prior Collection Period

Second Prior Collection Period

Prior Collection Period

Current Collection Period

(0.547%)

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

7,568,103.85

(81,335.48)

Principal Net Loss / (Gain)

Principal Recoveries

167,944.97

10,453,105.44

Principal Net Liquidation Proceeds

36,677.80

6,240,269.57

Principal Gross Losses

123,287.29

24,261,478.86

1,006

Losses

(1)

Amount

Number of Receivables

Amount

Current

Cumulative

0.476%

(1) Losses include 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.

1.032 %

0.380 %

0.260 %

Mercedes-Benz Auto Receivables Trust 2016-1 10-D/A