Investor Report

Mercedes-Benz Auto Receivables Trust 2016-1

Collection Period Ended

Page 1 of 5

Amounts in USD

31-Dec-2019

Dates

Interest Period of the Class A-1, A-2B Notes (from... to)

Collection Period (from... to)

15-Jan-2020

Distribution Date

31-Dec-2019

1-Dec-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)

13-Jan-2020

Record Date

14-Jan-2020

15-Jan-2020

16-Dec-2019

15-Jan-2020

15-Dec-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

12,237,523.73

0.00

Class A-3 Notes

23.002864

532,000,000.00

0.000000

115,970,000.00

2,363,228.89

113,606,771.11

Class A-4 Notes

20.377933

115,970,000.00

0.979622

128,207,523.73

113,606,771.11

14,600,752.62

Total Note Balance

1,497,970,000.00

Yield Supplement Overcollateralization Amount

Adjusted Pool Balance

Overcollateralization

3,983,277.83

38,409,669.62

166,617,193.35

38,409,669.62

Pool Balance

171,049,972.54

155,999,718.56

1,591,275,988.02

1,536,386,784.98

54,889,203.04

4,432,779.19

152,016,440.73

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%

12,849.40

0.024153

12,250,373.13

23.027017

Class A-4 Notes

1.460000%

141,096.83

1.216667

2,504,325.72

21.594600

$14,754,698.85

Total

$153,946.23

Investor Report

Mercedes-Benz Auto Receivables Trust 2016-1

Collection Period Ended

Page 2 of 5

Amounts in USD

31-Dec-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

15,429,368.85

Recoveries

0.00

14,766,218.09

15,429,368.85

35,664.47

132,256.07

471,387.64

23,842.58

0.00

(1) Total Servicing Fee

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

Nonrecoverable Advances to the Servicer

142,541.64

0.00

(3) Interest Distributable Amount Class A Notes

(4) Priority Principal Distributable Amount

153,946.23

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

14,600,752.62

0.00

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

0.00

(9) Excess Collections to Certificateholders

Total Distribution

15,429,368.85

532,128.36

Distributions

Available Funds

Distribution Detail

Paid

Shortfall

Due

0.00

142,541.64

Total Servicing Fee

Total Trustee Fee

0.00

153,946.23

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

12,849.40

0.00

12,849.40

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

153,946.23

0.00

Interest Distributable Amount Class A Notes

Priority Principal Distributable Amount

0.00

Regular Principal Distributable Amount

14,600,752.62

0.00

14,600,752.62

Aggregate Principal Distributable Amount

14,600,752.62

0.00

Investor Report

Mercedes-Benz Auto Receivables Trust 2016-1

Collection Period Ended

Page 3 of 5

Amounts in USD

31-Dec-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

18,620.19

5,222.39

23,842.58

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

31-Dec-2019

Pool Statistics

Principal Gross Losses

Pool Data

1,591,275,988.02

3.27%

18.61

52.30

Cutoff Date Pool Balance

Amount

Number of Receivables

Pool Balance beginning of Collection Period

171,049,972.54

Principal Collections

Principal Collections attributable to Full Pay-offs

Principal Purchase Amounts

Pool Balance end of Collection Period

Weighted Average APR

4,263,932.32

0.00

284,035.89

155,999,718.56

17,247

18,213

Weighted Average Number of Remaining Payments

Weighted Average Seasoning (months)

As of Cutoff Date

Current

59,357

10,502,285.77

3.09%

50.38

Pool Factor

9.80%

15.40

Investor Report

Mercedes-Benz Auto Receivables Trust 2016-1

Collection Period Ended

Page 5 of 5

Amounts in USD

31-Dec-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

155,999,718.56

17,247

100.00%

91-120 Days Delinquent

0.09%

135,710.13

61-90 Days Delinquent

0.23%

355,779.10

31-60 Days Delinquent

118

0.84%

1,305,580.17

Current

98.85%

154,202,649.16

17,096

Delinquency Profile

(1)

Amount

Number of Receivables

Percentage

Loss Statistics

Average Net Loss / (Gain)

7,515.53

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

Four Month Average

0.437%

Third Prior Collection Period

Second Prior Collection Period

Prior Collection Period

Current Collection Period

0.883%

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

7,688,383.57

120,279.72

Principal Net Loss / (Gain)

Principal Recoveries

128,439.71

10,581,545.15

Principal Net Liquidation Proceeds

35,316.46

6,275,586.03

Principal Gross Losses

284,035.89

24,545,514.75

1,023

Losses

(1)

Amount

Number of Receivables

Amount

Current

Cumulative

0.483%

(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.

(0.547%)

1.032 %

0.380 %

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