UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-D

ASSET-BACKED ISSUER

DISTRIBUTION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the monthly distribution period from

December 1, 2020 to December 31, 2020

Commission File Number of issuing entity: 333-204844-08

Central Index Key Number of issuing entity: 0001721353

Ally Auto Receivables Trust 2017-5

(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor: 333-204844

Central Index Key Number of depositor: 0001477336

Ally Auto Assets LLC

(Exact name of depositor as specified in its charter)

Central Index Key Number of sponsor (if applicable): 0001601846

Ally Bank

(Exact name of sponsor as specified in its charter)

Elliot Kahan

(866) 710-4623

(Name and telephone number, including area code, of the person to contact in connection with this filing)


DELAWARE						38-7195943
(State or other jurisdiction of incorporation or organization of the						(I.R.S. Employer Identification No.)
issuing entity)


Ally Auto Assets LLC						48226
500 Woodward Avenue, Detroit, Michigan						(Zip Code)
(Address of principal executive offices of the issuing entity)

(866) 710-4623

(Telephone number, including area code)

Registered / reporting pursuant to (Check One)

Title of Class

Section 12(b)

Section 12(g)

Section 15(d)

Name of Exchange

(If Section 12(b))

Class A-1

Class A-2

Class A-3

Class A-4

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ý No o

PART I — DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information

Distribution and pool performance information of the asset pool of the issuing entity is set forth in the attached monthly Statement to Securityholder.

Item 1121(c) of Regulation AB. Repurchases and Replacements

No activity to report for the Period from December 1, 2020 to December 31, 2020 as required by Item 1121(c) of Regulation AB.

Date of most recent Form ABS-15G: January 31, 2020

Central Index Key (CIK) of Securitizer: 0001477336

Item 1A. Asset-Level Information

The Servicer on behalf of the Issuing Entity has provided asset-level data for the receivables and filed this information on Form ABS-EE. Form ABS-EE, as filed by the Issuing Entity on the date hereof, is incorporated by reference into this filing on Form 10-D. The Issuing Entity’s CIK number is 0001721353.

Item 1B. Asset Representations Reviewer and Investor Communication

Not Applicable.

PART II — OTHER INFORMATION

Item 2. Legal Proceedings

None.

Item 3. Sales of Securities and Use of Proceeds

None.

Item 4. Defaults Upon Senior Securities

None.

Item 5. Submission of Matters to a Vote of Security Holders

None.

Item 6. Significant Obligors of Pool Assets

None.

Item 7. Change in Sponsor Interest in the Securities

None.

Item 8. Significant Enhancement Provider Information

None.

Item 9. Other Information

None.

Item 10. Exhibits


EXHIBIT NO.						DESCRIPTION

99						Monthly Statement to Securityholder for the Period from December 1, 2020 to December 31, 2020
102						Asset Data File for the Period from December 1, 2020 to December 31, 2020 (See Exhibit 102 to Form ABS-EE filed by Ally Auto Receivables Trust 2017-5 with the SEC on January 28, 2021, which is incorporated by reference herein).
103						Asset Related Document for the Period from December 1, 2020 to December 31, 2020 (See Exhibit 103 to Form ABS-EE filed by Ally Auto Receivables Trust 2017-5 with the SEC on January 28, 2021, which is incorporated by reference herein).

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.


			Ally Auto Receivables Trust 2017-5
			(Issuing Entity)

			by: Ally Bank
			(Servicer, not in its individual capacity but
			solely as Servicer on behalf of the Issuing Entity)


			/s/ David J DeBrunner
			David J DeBrunner,
			Vice President, Controller
			and Chief Accounting Officer

Date: January 28, 2021

EXHIBIT INDEX


EXHIBIT NUMBER						DESCRIPTION

99						Monthly Statement to Securityholder for the Period from December 1, 2020 to December 31, 2020
102						Asset Data File for the Period from December 1, 2020 to December 31, 2020 (See Exhibit 102 to Form ABS-EE filed by Ally Auto Receivables Trust 2017-5 with the SEC on January 28, 2021, which is incorporated by reference herein).
103						Asset Related Document for the Period from December 1, 2020 to December 31, 2020 (See Exhibit 103 to Form ABS-EE filed by Ally Auto Receivables Trust 2017-5 with the SEC on January 28, 2021, which is incorporated by reference herein).

Ally Auto Receivables Trust 2017-5 10-D