Volkswagen Auto Loan Enhanced Trust 2012-1

MONTHLY SERVICER CERTIFICATE

Exhibit 99.1

For the collection period ended 3-28-2015

PAGE 1

A. DATES

Begin

End

# days

Determination Date

4/16/2015

Payment Date

4/20/2015

Collection Period

3/1/2015

3/28/2015

Monthly Interest Period - Actual/360

3/20/2015

4/19/2015

Monthly Interest - 30/360


*B. SUMMARY*
		*Initial Balance*		*Beginning Balance*		*Principal Payment*		*Ending Balance*		*Note Factor*
6	Class A-1 Notes		244,000,000.00		—		—		—		—
7	Class A-2 Notes		385,000,000.00		—		—		—		—
8	Class A-3 Notes		490,000,000.00		63,375,888.51		15,434,293.78		47,941,594.73		0.0978400
9	Class A-4 Notes		131,000,000.00		131,000,000.00		—		131,000,000.00		1.0000000

10	Total Securities	$	1,250,000,000.00	$	194,375,888.51	$	15,434,293.78	$	178,941,594.73


11	Overcollateralization		38,659,864.85		38,659,864.85				38,659,864.85

12	Adjusted Pool Balance	$	1,288,659,864.85	$	233,035,753.36	$	15,434,293.78	$	217,601,459.58

13	YSOC		62,838,901.04		8,566,238.33				7,828,302.95

14	Net Pool Balance	$	1,351,498,765.89	$	241,601,991.69	$	15,434,293.78	$	225,429,762.53


		*Coupon Rate*			*Interest Pmt Due*		Per $1000 Face Amount		Principal& Interest Payment Due		Per $1000 Face Amount
15	Class A-1 Notes		0.43878	%		—		—		—		—
16	Class A-2 Notes		0.61000	%		—		—		—		—
17	Class A-3 Notes		0.85000	%		44,891.25		0.0916148		15,479,185.03		31.5901735
18	Class A-4 Notes		1.15000	%		125,541.67		0.9583333		125,541.67		0.9583333

	Total Securities					170,432.92				15,604,726.70


*C. COLLECTIONS AND AVAILABLE FUNDS*

19	Scheduled Principal Payments Received	10,362,353.43
20	Scheduled Interest Payments Received	539,585.69
21	Prepayments of Principal Received	611,380.40
22	Liquidation Proceeds	5,040,464.59
23	Recoveries Received	178,216.05
24	Other Payments Received to Reduce Principal

25	Subtotal: Total Collections	16,732,000.16

26	Repurchased Receivables	—
27	Reserve Account Excess Amount (Item 88)	400.88

28	Total Available Funds, prior to Servicer Advances	16,732,401.04

29	Servicer Advance (Item 71)	—

30	Total Available Funds + Servicer Advance	16,732,401.04

31	Reserve Account Draw Amount (Item 74)	—

32	Total Available Funds + Servicer Advance and Reserve Account Draw Amount	16,732,401.04


*D. DISTRIBUTIONS*

	Distribution Summary:
33	Prior Advance Reimbursement (Item 77)	—
34	Servicing Fees (Item 41)	201,334.99
35	Class A Noteholder Interest (Item 50)	170,432.92
36	Principal Distribution Amount (Item 75)	15,434,293.78
37	Amount Paid to Reserve Account to Reach Specified Balance	—
38	Other Amounts Paid to Trustees	—
39	Certificateholders Principal Distribution Amount	—

40	Remaining Funds to Seller	926,339.35



PAGE 2


		Due		Shortfall		Paid
	*Distribution Detail:*

41	Servicing Fees		201,334.99		—		201,334.99


	Pro rata:
42	Class A-1 Interest		—		—		—
43	Class A-2 Interest		—		—		—
44	Class A-3 Interest		44,891.25		—		44,891.25
45	Class A-4 Interest		125,541.67		—		125,541.67
46	Class A-1 Interest Carryover Shortfall		—		—		—
47	Class A-2 Interest Carryover Shortfall		—		—		—
48	Class A-3 Interest Carryover Shortfall		—		—		—
49	Class A-4 Interest Carryover Shortfall		—		—		—

50	Class A Noteholder Interest		170,432.92		—		170,432.92


*E. CALCULATIONS*

	Calculation of Principal Distribution Amount:
51	Beginning Adjusted Pool Balance			233,035,753.36
52	Beginning Net Pool Balance	241,601,991.69
53	Receipts of Scheduled Principal	(10,362,353.43	)
54	Receipts of Prepaid Principal	(611,380.40	)
55	Liquidation Proceeds	(5,040,464.59	)
56	Other Collections of Principal	—
57	Principal Amount of Repurchases	—
58	Principal Amount of Defaulted Receivables	(158,030.74	)

59	Ending Net Pool Balance	225,429,762.53
60	Yield Supplement Overcollateralization Amount	7,828,302.95

61	Adjusted Pool Balance	217,601,459.58
62	Less: Adjusted Pool Balance - End of Collection Period			217,601,459.58

63	Calculated Principal Distribution Amount			15,434,293.78


	Calculation of Servicer Advance:
64	Available Funds, prior to Servicer Advances (Item 28)	16,732,401.04
65	Less: Prior Advance Reimbursement (Item 33)	—
66	Less: Servicing Fees Paid (Item 34)	201,334.99
67	Less: Interest Paid to Noteholders (Item 35)	170,432.92
68	Less: Calculated Principal Distribution (Item 63)	15,434,293.78

69	Equals: Remaining Available Funds before Servicer Advance	926,339.35
70	Monthly Loan Payments Due on Included Units but not received (N/A if Item 69 > 0)	N/A

71	Servicer Advance (If Item 69 < 0, lesser of Item 69 and Item 70, else 0)	—


	Calculation of Reserve Account Draw Amount:
72	Remaining Available Funds, before Reserve Account Draw (Item 69 plus Item 71)	926,339.35
73	Available Funds Shortfall Amount (If Item 72 < 0, Item 72, else 0)	—

74	Reserve Account Draw Amount (If Item 73 is > 0, Lesser of Reserve Acct Balance and Item 73)	—



75	Principal Distribution Amount (Item 63 - Available Funds Shortfall + Reserve Account Draw Amt)	15,434,293.78


	Reconciliation of Servicer Advance:
76	Beginning Balance of Servicer Advance	—
77	Less: Prior Advance Reimbursement	—
78	Plus: Additional Servicer Advances for Current Period	—

79	Ending Balance of Servicer Advance	—


*F. RESERVE ACCOUNT*

	Reserve Account Balances:
80	Specified Reserve Account Balance (Lesser of (a) $6,443,299.32, and (b) the aggregate note balance)	6,443,299.32
81	Initial Reserve Account Balance	1,288,659.86
82	Beginning Reserve Account Balance	6,443,299.32
83	Plus: Net Investment Income for the Collection Period	400.88

84	Subtotal: Reserve Fund Available for Distribution	6,443,700.20
85	Plus: Deposit of Excess Available Funds (Item 37)	—
86	Less: Reserve Account Draw Amount (Item 74)	—

87	Subtotal Reserve Account Balance	6,443,700.20
88	Less: Reserve Account Excess Amount to Available Funds (If Item 87 > Item 80)	400.88

89	Equals: Ending Reserve Account Balance	6,443,299.32


90	Change in Reserve Account Balance from Immediately Preceding Payment Date	—



PAGE 3


*G. POOL STATISTICS*
		*Initial*			*Current*
	Collateral Pool Balance Data:
91	Net Pool Balance		1,351,498,766		225,429,763
92	Number of Current Contracts		56,817		26,782
93	Weighted Average Loan Rate		3.15	%	3.00%
94	Average Remaining Term		57.9		22.3
95	Average Original Term		62.5		65.0
96	Monthly Prepayment Rate				1.22%

		*Units*			Outstanding Principal Balance
	Net Credit Loss and Repossession Activity:
97	Aggregate Outstanding Principal Balance of Charged Off Receivables		12		167,584.10
98	Liquidation Proceeds on Related Vehicles				9,553.36
99	Recoveries Received on Receivables Previously Charged Off				178,216.05

100	Net Principal Losses for Current Collection Period		12		(20,185.31)


101	Beginning Net Principal Losses		751		8,024,975.73
102	Net Principal Losses for Current Collection Period		12		(20,185.31)

103	Cumulative Net Principal Losses		763		8,004,790.42

104	Cumulative Net Loss Ratio (Cumulative Net Principal Losses divided by $1,351,498,765.89)				0.59%


		*Percentage*			*Units*		Outstanding Principal Balance
	Delinquencies Aging Profile - End of Period:
105	Current		99.03	%		26,593		223,239,867.37
106	31 - 60 Days Delinquent		0.76	%		151		1,720,848.28
107	61 - 90 Days Delinquent		0.21	%		38		469,046.88

108	Total		100.00	%		26,782		225,429,762.53

Summary of Material Modifications, Extensions or Waivers

None in the current month

Summary of Material Breaches of Representations or Warranties Related to Eligibility Criteria

None in the current month

Summary of Material Breaches by the Issuer of Transaction Covenants

None in the current month

Summary of Material Changes in Practices With respect to Charge-Offs, Collections and Management of Delinquent Receivables and the Effect of any Grace Period, Re-Aging, Re-Structuring, Partial Payments or Other Practices on Delinquency and Loss Experience

None in the current month

Volkswagen Auto Loan Enhanced Trust 2012-1 10-D