Investor Report

Mercedes-Benz Auto Receivables Trust 2016-1

Collection Period Ended

Page 1 of 5

Amounts in USD

29-Feb-2020

Dates

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

Collection Period (from... to)

16-Mar-2020

Distribution Date

29-Feb-2020

1-Feb-2020

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-Mar-2020

Record Date

13-Mar-2020

16-Mar-2020

18-Feb-2020

15-Mar-2020

15-Feb-2020

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

0.00

Class A-3 Notes

0.000000

532,000,000.00

0.000000

99,888,243.52

12,357,891.85

87,530,351.67

Class A-4 Notes

106.561109

115,970,000.00

0.754767

99,888,243.52

87,530,351.67

12,357,891.85

Total Note Balance

1,497,970,000.00

Yield Supplement Overcollateralization Amount

Adjusted Pool Balance

Overcollateralization

3,174,308.51

38,409,669.62

138,297,913.14

38,409,669.62

Pool Balance

141,862,073.00

129,114,329.80

1,591,275,988.02

1,536,386,784.98

54,889,203.04

3,564,159.86

125,940,021.29

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%

0.00

0.000000

0.00

0.000000

Class A-4 Notes

1.460000%

121,530.70

1.047949

12,479,422.55

107.609059

$12,479,422.55

Total

$121,530.70

Investor Report

Mercedes-Benz Auto Receivables Trust 2016-1

Collection Period Ended

Page 2 of 5

Amounts in USD

29-Feb-2020

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

13,154,594.87

Recoveries

0.00

12,590,728.09

13,154,594.87

69,645.19

95,552.70

378,010.30

20,658.59

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

118,218.39

0.00

(3) Interest Distributable Amount Class A Notes

(4) Priority Principal Distributable Amount

121,530.70

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

12,357,891.85

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

13,154,594.87

556,953.93

Distributions

Available Funds

Distribution Detail

Paid

Shortfall

Due

0.00

118,218.39

Total Servicing Fee

Total Trustee Fee

0.00

121,530.70

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

0.00

thereof on Class A-4 Notes

121,530.70

0.00

121,530.70

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

121,530.70

0.00

Interest Distributable Amount Class A Notes

Priority Principal Distributable Amount

0.00

Regular Principal Distributable Amount

12,357,891.85

0.00

12,357,891.85

Aggregate Principal Distributable Amount

12,357,891.85

0.00

Investor Report

Mercedes-Benz Auto Receivables Trust 2016-1

Collection Period Ended

Page 3 of 5

Amounts in USD

29-Feb-2020

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

15,914.61

4,743.98

20,658.59

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

29-Feb-2020

Pool Statistics

Principal Gross Losses

Pool Data

1,591,275,988.02

3.29%

17.20

53.88

Cutoff Date Pool Balance

Amount

Number of Receivables

Pool Balance beginning of Collection Period

141,862,073.00

Principal Collections

Principal Collections attributable to Full Pay-offs

Principal Purchase Amounts

Pool Balance end of Collection Period

Weighted Average APR

3,631,510.31

0.00

157,015.11

129,114,329.80

15,451

16,282

Weighted Average Number of Remaining Payments

Weighted Average Seasoning (months)

As of Cutoff Date

Current

59,357

8,959,217.78

3.09%

50.38

Pool Factor

8.11%

15.40

Investor Report

Mercedes-Benz Auto Receivables Trust 2016-1

Collection Period Ended

Page 5 of 5

Amounts in USD

29-Feb-2020

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

129,114,329.80

15,451

100.00%

91-120 Days Delinquent

0.10%

130,326.00

61-90 Days Delinquent

0.27%

347,394.94

31-60 Days Delinquent

104

0.99%

1,281,171.80

Current

98.64%

127,355,437.06

15,307

Delinquency Profile

(1)

Amount

Number of Receivables

Percentage

Delinquency Trigger

60+ Delinquency Loans to EOP Aggregate Securitization Value

Delinquency Trigger occurred

3.550%

0.370%

Loss Statistics

Average Net Loss / (Gain)

7,252.24

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

Four Month Average

(0.036%)

Third Prior Collection Period

Second Prior Collection Period

Prior Collection Period

Current Collection Period

(0.039%)

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

7,629,359.23

(4,418.49)

Principal Net Loss / (Gain)

Principal Recoveries

91,868.46

10,803,963.70

Principal Net Liquidation Proceeds

69,565.14

6,424,495.56

Principal Gross Losses

157,015.11

24,857,818.49

1,052

Losses

(1)

Amount

Number of Receivables

Amount

Current

Cumulative

0.479%

(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.

(0.440%)

0.883 %

(0.547%)

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