**Exhibit 99.1**
**VOLKSWAGEN CREDIT AUTO MASTER OWNER TRUST, SERIES 2005-1** Payment Date Statement:July 20, 2006       a. Aggregate Amount of Collections $602,941,426.99   Aggregate Amount of Non-Principal Collections $7,989,498.00   Aggregate Amount of Principal Collections $594,951,928.99   Receivable (Pool) Balance $1,216,145,634.16   Residual Participation Amount $366,145,634.16   Excess Funding Account $0.00        b. Series Allocation Percentage  100.00%  Floating Allocation Percentage  69.89%  Principal Allocation Percentage  69.89%       c. Total Amount Distributed on Series 2005-1 $3,744,873.33   Per $1,000 Original Principal($850M) $4.41 d. Amount of Such DistributionAllocable to Principal on 2005-1 $0.00   Per $1,000 Original Principal($850M) $0.00        e. Amount of Such DistributionAllocable to Interest on 2005-1 $3,744,873.33        f. Noteholder Default Amount $0.00        g. Required Subordinated Draw Amount $0.00        h. Noteholder Charge Offs $0.00   Amounts of Reimbursements $0.00        i. Monthly Servicing Fee $708,333.33   Noteholder Monthly Servicing Fee $708,333.33        j. Controlled Deposit Amount $0.00        k. Series 2005-1 Invested Amount at end of period (Gross) $850,000,000.00   Outstanding Principal Balance $850,000,000.00        l. Available Subordinated Amount $113,947,404.46        m. Reserve Account Balance $2,975,000.00        n. Reallocated Principal Collections $0.00        o. Principal Funding Account Balance $0.00        p. Servicer Advance $0.00        q. Per Annum Interest Rate  5.29%       r. Accumulated Interest Shortfall$0.00  Change in Interest Shortfall fromPreceeding Payment Date$0.00       s. Accumulated Principal Shortfall$0.00  Change in Principal Shortfall fromPreceeding Payment Date$0.00

 
**VW CREDIT, INC. — SERVICER** **Page 1****18-Jul-06**
**VOLKSWAGEN CREDIT AUTOMASTER OWNER TRUST, SERIES 2005-1**
**Monthly Servicer Report Input and Summary Page**
**TRANSACTION SUMMARY               From  To  Days Current Interest Period  6/20/2006   7/19/2006   30              Series Allocation Percentage  100.00%        Initial Principal Balance $850,000,000.00         Outstanding Principal Balance $850,000,000.00         Principal Balance of Receivables for Determination Date $1,132,584,099.80         Amount Invested in Receivables on Series Issuance Date $850,000,000.00         Initial Invested Amount $850,000,000.00         Invested Amount at the Beginning of Period $850,000,000.00         Series 2005-1 Invested Amount at End of Period (Gross) $850,000,000.00         Required Subordinated Amount $113,947,404.46         Excess Funding Account $0.00         Series 2005-1 Invested Amount at End of Period (net of EFA) $850,000,000.00         Available Subordinated Amount (previous period) $113,172,804.53         Incremental Subordinated Amount (previous period) $0.00                      **RESERVE ACCOUNT**            Reserve Account Initial Deposit $2,975,000.00         Reserve Account Required Amount $2,975,000.00         Reserve Account Beginning Balance $2,975,000.00                      Withdrawal from Reserve Account $0.00         Reserve Account Ending Balance $2,975,000.00         Reserve Account Deposit Amount $0.00                      LIBOR Rate (annualized)  5.2669%        Certificate Coupon (annualized)  5.2869%        Prime Rate (annualized)  8.2500%        Servicing Fee Rate (annualized)  1.0000%        Excess Spread  1.2631%                     **TRUST PRINCIPAL RECEIVABLES**            Receivable Balance at the Beginning of Period $1,305,572,907.43         Receivable Balance at the Ending of Period $1,216,145,634.16         Average Aggregate Principal Balance $1,260,859,270.80         Aggregate Principal Collections $594,951,928.99         New Principal Receivables $505,524,655.72         Receivables Added for Additional Accounts $0.00         Noteholder Default Amount $0.00         Net Losses $0.00         Noteholder Charge-offs $0.00         Miscellaneous Payments (Adjustments and Transfer deposit amounts) $0.00         Non-Principal Collections & Inv. Proceeds treated asAvailable Noteholder Principal Collections $0.00         Monthly Interest Accrued, but not Paid $0.00         Ineligible Receivables $0.00         Excess Funding Account at Date of Determination $0.00         Defaulted Receivables in Ineligible and Overconc. Accounts $0.00         **MISCELLANEOUS DATA**            Recoveries on Receivables Written Off $0.00         Spread Over/Under Prime for Portfolio  -0.7000%        Weighted Average Interest Rate  7.5500%        Previously waived Monthly Servicing Fee $0.00                      **SERVICER ADVANCE**            AvailableFunds, prior to Servicer Advances $5,616,330.41        Less: PriorAdvance Reimbursement $0.00        Less:Servicing Fees Paid $($708,333.33)       Less:Interest Paid to Noteholders $($3,744,873.33)       Equals:Remaining Available Funds before Servicer Advance $$1,163,123.74        Monthly LoanPayments Due on Included Units but not received $N/A        ServicerAdvance $0.00                     **PORTFOLIO CHARGE OFF RATE AT COLLECTION PERIOD END**                         Net losses as a % of Avg. Receivables Balance (annualized)  0.00%                     **PORTFOLIO AND DEALERSHIP STATISTICS**            Used Vehicle Receivables’ Balance  $117,907,160.00         Used Vehicle Percentage  9.695%        Used Vehicle Percentage During Last Collection Period  8.799%        Early Amortization Event? **NO**        Largest Dealer or Dealer Affiliation Balance  $37,971,302.00         Largest Dealer Percentage  3.122%                     AggregatePrincipal Amount of Dealer overconcentration  $978,044.98                      **SUMMARY OF COLLECTIONS**            Aggregate Amount of Collections  $602,941,426.99         Aggregate Amount of Non-Principal Collections (including insurance proceeds & rebates) $7,989,498.00         Investment Proceeds $32,234.96         Aggregate Amount of Principal Collections  $594,951,928.99                      **PAYMENT RATE INFORMATION**            Monthly Payment Rate  47.19%         Previous Collection Period Monthly Payment Rate  44.84%         Monthly Payment Rate 2 collection periods ago  37.38%         3-month Average Payment Rate  43.14%         Early Amortization Event? **NO**                     **ACCUMULATION PERIOD/EARLY AMORTIZATION PERIOD            Extend Revolving Period? **YES**        Last Day of Revolving Period April 19, 2008        Invested Amount as of Last Day of Revolving Period   N/A         Accumulation Period Length (months)  4         First Accumulation Date April 20, 2008        Expected Final Payment Date July 20, 2008        Required Participation Percentage  107.50%         Principal Funding Account Balance  $0.00         Principal Payment Amount $0.00         Controlled Accumulation Amount  $0.00                      **TOTALAMOUNT DISTRIBUTED ON SERIES 2005-1**            **Noteholders**            1. PriorServicing Advance Reimbursement $0.00         2. MonthlyNoteholder Interest Distribution $$3,744,873.33         3.Noteholder Monthly Servicing Fee Distribution $$708,333.33         4. ReserveAccount Deposit Amount Distribution $0.00         5.Noteholder Default Amount Distribution $0.00         6A.Unreimbursed Noteholder Charge-offs (net of Series Allocable Misc. Pmts) $0.00         6B.Reinstate reductions in Series 2005-1 Available Subord. Amount $0.00         7.Previously waived Monthly Servicing Fee Distribution $0.00                     Excess Servicing $1,163,123.74                      **DEFICIENCY AMOUNT**            Deficiency Amount $0.00         Required Subordinated Draw Amount $0.00                      **EXCESS FUNDING ACCOUNT**            Withdrawals to purchase Receivables (Since Issuance Date) $0.00         Additions in connection with a reduction in Receivables $0.00         Transfers to Principal Funding Account $0.00         ****