| Title of class |     Section 12(b)     |     Section 12(g)     |     Section 15(d)     | Name of exchange(If Section 12(b)) |
|----------------|--------------------------------------------------------------------|--------------------------------------------------------------------|--------------------------------------------------------------------|----------------------------------------------|
| Class A-1 | ¨                                                             | ¨                                                             | x                                                                  | ¨                                       |
| Class A-2 | ¨                                                             | ¨                                                             | x                                                                  | ¨                       |
| Class A-3 | ¨                                                             | ¨                                                             | x                                                                  | ¨                                       |
| Class A-4 | ¨                                                             | ¨                                                             | x                                                                  | ¨                                       |
| Class B   | ¨                                                             | ¨                                                             | x                                                                  | ¨                                       |

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| Exhibit 99.1. | Monthly Servicer’s Certificate for the distribution period commencing on May 1, 2012 and ending onMay 31, 2012. |
|---------------|-----------------------------------------------------------------------------------------------------------------------|

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|                           |   |   |   |                                                       |                                                                                               |
|--------------------------------|--------|--------|--------|------------------------------------------------------------|----------------------------------------------------------------------------------------------------|
|                           |   |   |   | Toyota Auto Receivables 2011-B Owner Trust(Issuing entity) |
|                           |   |   |   |
|                           |   |   |   | By:                                                        | Toyota Motor Credit Corporation.                                                                   |
|                           |   |   |   |                                                       | (Servicer, not in its individual capacity, but solely as Servicer on behalf of the Issuing Entity) |
|                           |   |   |   |
| Date:  June 21, 2012 |   |   |   |                                                       | /s/ Chris Ballinger                                                                                |
|                           |   |   |   |                                                       | Chris Ballinger                                                                                    |
|                           |   |   |   |                                                       | Group Vice President and                                                                           |
|                           |   |   |   |                                                       | Chief Financial Officer                                                                            |