# EDGAR Filing Document

**Accession Number:** 0001785844
**File Stem:** 0001853620-23-000009
**Filing Date:** 2023-1
**Character Count:** 23320
**Document Hash:** e90b619a5bfb6c5bf1156ed7e6d12298
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001853620-23-000009.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0001853620-23-000009

**CONFORMED SUBMISSION TYPE**: 10-D

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20230117

**FILED AS OF DATE**: 20230123

**DATE AS OF CHANGE**: 20230123

**ABS ASSET CLASS**: Auto loans

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mercedes-Benz Auto Receivables Trust 2019-1
- **CENTRAL INDEX KEY:** 0001785844
- **STANDARD INDUSTRIAL CLASSIFICATION:** ASSET-BACKED SECURITIES [6189]
- **IRS NUMBER:** 846450634
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 10-D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-232590-01
- **FILM NUMBER:** 23543435

**BUSINESS ADDRESS:**
- **STREET 1:** 35555 W. TWELVE MILE RD.
- **STREET 2:** SUITE 100
- **CITY:** FARMINGTON HILLS
- **STATE:** MI
- **ZIP:** 48331
- **BUSINESS PHONE:** (248) 991-6700

**MAIL ADDRESS:**
- **STREET 1:** 35555 W. TWELVE MILE RD.
- **STREET 2:** SUITE 100
- **CITY:** FARMINGTON HILLS
- **STATE:** MI
- **ZIP:** 48331

---

| |
|:---|
| **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 <br> December 01, 2022 to December 31, 2022

Commission File Number of issuing entity: 333-232590-01

Central Index Key Number of issuing entity: 0001785844

---

| |
|:---|
| **<u>Mercedes-Benz Auto Receivables Trust 2019-1</u>** |
| (Exact name of issuing entity as specified in its charter) |

---

Commission File Number of depositor: 333-232590

Central Index Key Number of depositor: 0001463814

---

| |
|:---|
| **<u>Mercedes-Benz Retail Receivables LLC</u>** |
| (Exact name of depositor as specified in its charter) |

---

Central Index Key Number of sponsor: 0001540252

---

| |
|:---|
| **Mercedes-Benz Financial Services USA LLC** |
| (Exact name of sponsor as specified in its charter) |

---

<u>State of Delaware</u> <br> (State or other jurisdiction of incorporation or organization of the issuing entity)

<u>84-6450634</u> <br> (I.R.S. Employer Identification No.)

---

| |
|:---|
| 35555 W. Twelve Mile Rd. |
| Suite 100 |
| <u>Farmington Hills, Michigan</u> |
| (Address of principal executive offices of issuing entity) |

---

<u>48331</u> <br> (Zip Code)

<u>(248) 9916700</u> <br> (Telephone number, including area code)

<u>N.A.</u> <br> (Former name, former address, if changed since last report)

---

| | | | | |
|:---|:---|:---|:---|:---|
| Registered/reporting pursuant to (check one) | Registered/reporting pursuant to (check one) | Registered/reporting pursuant to (check one) | Registered/reporting pursuant to (check one) | Registered/reporting pursuant to (check one) |
|  |  |  |  | Name of exchange |
| <u>Title of Class</u> | <u>Section 12(b)</u> | <u>Section 12(g)</u> | <u>Section 15(d)</u> | <u>(If Section 12(b))</u> |
| Class A-2A Asset Backed Notes | ☐ | ☐ | ☒ | <u> </u> |
| Class A-2B Asset Backed Notes | ☐ | ☐ | ☒ | <u> </u> |
| Class A-3 Asset Backed Notes | ☐ | ☐ | ☒ | <u> </u> |
| Class A-4 Asset Backed Notes | ☐ | ☐ | ☒ | <u> </u> |

---

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 and 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 ☒ No ☐

PART I - DISTRIBUTION INFORMATION

Item 1. Distribution and Pool Performance Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On January 17, 2023 a distribution was made to holders of notes of the issuing entity. The distribution report for this distribution is attached to this Form 10-D as Exhibit 99.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No assets held by issuing entity were the subject of a demand to repurchase or replace for breach of the representations and warranties during the period from December 01, 2022 to December 31, 2022.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reference is made to the Form ABS – 15G filed by Mercedes-Benz Financial Services USA LLC with the Securities and Exchange Commission on February 02, 2022, and to the information reported for the period indicated in the report regarding any repurchase requests across all trusts for which Mercedes-Benz Financial Services USA LLC is a securitizer (as that term is defined in Section 15G(a) of the Securities Exchange Act of 1934). The CIK number of Mercedes-Benz Financial Services USA LLC is 0001540252.

Item 1A. Asset-Level Information.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset-level data for the reporting period covered by this Form 10-D is included in Exhibit 102 to the Form ABS-EE filed by the issuing entity with the Securities and Exchange Commission on January 20, 2023 (the "Form ABS-EE") and is incorporated by reference into this Form 10-D. Additional asset-level information or explanatory language is included in Exhibit 103 to the Form ABS-EE and is also incorporated by reference into this Form 10-D.

PART II - OTHER INFORMATION

Item 10. Exhibits.

Exhibit <br> <u>No.</u> <u>Description of Exhibit</u> <br> 99.1 [Distribution report of the issuing entity](mbart20191.htm)

102 [Asset Data File (Exhibit 102 to Form ABS-EE filed by the issuing entity on January 20, 2023)](http://www.sec.gov/Archives/edgar/data/1463814/000095013123000215/mbart191ex102_0111-1737.xml)

103 [Asset Related Document (Exhibit 103 to Form ABS-EE filed by the issuing entity on January 20, 2023)](http://www.sec.gov/Archives/edgar/data/1463814/000095013123000215/mbart191ex103_0111-1749.xml)

SIGNATURES

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.

 Mercedes-Benz Auto Receivables Trust 2019-1 <br> (Issuing Entity)

 By: Mercedes-Benz Financial Services USA LLC <br> (Servicer)

---

| | |
|:---|:---|
| Date: January 23, 2023 | <u>By: /s/ Christopher Trainor</u> |
|  | Christopher Trainor |
|  | Vice President |

---

**EXHIBIT INDEX**

Exhibit <br> <u>No.</u> <u>Description of Exhibit</u> <br> 99.1 [Distribution report of the issuing entity](mbart20191.htm)

102 [Asset Data File (Exhibit 102 to Form ABS-EE filed by the issuing entity on January 20, 2023)](http://www.sec.gov/Archives/edgar/data/1463814/000095013123000215/mbart191ex102_0111-1737.xml)

103 [Asset Related Document (Exhibit 103 to Form ABS-EE filed by the issuing entity on January 20, 2023)](http://www.sec.gov/Archives/edgar/data/1463814/000095013123000215/mbart191ex103_0111-1749.xml)

## Exhibit 99.1

------

**Investor Report**

**Mercedes-Benz Auto Receivables Trust 2019-1**

Collection Period Ended

**Page 1 of 5**

Amounts in USD

31-Dec-2022

**Dates**

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

Collection Period (from... to)

17-Jan-2023

Distribution Date

31-Dec-2022

1-Dec-2022

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-Jan-2023

Record Date

13-Jan-2023

17-Jan-2023

15-Dec-2022

15-Jan-2023

15-Dec-2022

**Summary**

Balance

Beginning

Ending

Principal

Payment

Principal per $1000

Face Amount

Initial

Note

Factor

Balance

Balance

0.00 0.00 0.00 Class A-1 Notes

0.000000 360,800,000.00

0.000000 0.00 0.00 0.00 Class A-2A Notes

0.000000 511,000,000.00

0.000000 0.00 0.00 0.00 Class A-2B Notes

0.000000 50,000,000.00

0.000000 0.00 0.00 0.00 Class A-3 Notes

0.000000 464,000,000.00

0.000000 128,421,977.48

13,020,901.17

115,401,076.31

Class A-4 Notes

101.282679 128,560,000.00

0.897644 **128,421,977.48**

 **115,401,076.31**

 **13,020,901.17**

**Total Note Balance**

 **1,514,360,000.00**

Yield Supplement Overcollateralization Amount

Adjusted Pool Balance

Overcollateralization

4,719,387.20

38,830,160.91

167,252,138.39

38,830,160.91

**Pool Balance**

 **172,446,656.42**

 **158,950,624.42**

 **1,615,006,230.09**

1,553,206,436.21

61,799,793.88

5,194,518.03

154,231,237.22

38,846,436.21

Initial Overcollateralization Amount

Target Overcollateralization Amount

Current Overcollateralization Amount

Amount

Percentage

38,830,160.91

2.50%

2.50%

38,846,436.21

2.50%

38,830,160.91

Interest Payment

Interest per

Interest & Principal

Payment

Interest & Principal Payment

per $1000 Face Amount

Interest Rate

$1000 Face Amount

Class A-1 Notes

0.000000%

0.00 0.000000 0.00 0.000000 Class A-2A Notes

2.040000%

0.00 0.000000 0.00 0.000000 Class A-2B Notes

4.497860%

0.00 0.000000 0.00 0.000000 Class A-3 Notes

1.940000%

0.00 0.000000 0.00 0.000000 Class A-4 Notes

2.040000%

218,317.36

1.698175 13,239,218.53

102.980854 **$13,239,218.53** 

**Total**

**$218,317.36** 

------

**Investor Report**

**Mercedes-Benz Auto Receivables Trust 2019-1**

Collection Period Ended

**Page 2 of 5**

Amounts in USD

31-Dec-2022

Net Liquidation Proceeds

Investment Earnings

Reserve Fund Draw Amount

**Available Funds**

Interest Collections

Purchase Amounts

Principal Collections

98,128.15

Advances made by the Servicer

**Available Collections**

 **14,124,902.45** 

Recoveries

0.00 13,167,662.02

 **14,124,902.45** 

67,699.00

163,929.76

579,065.47

48,418.05

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

143,705.55

0.00 0.00 (3) Interest Distributable Amount Class A Notes

(4) Priority Principal Distributable Amount

218,317.36

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 13,020,901.17

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**

 **14,124,902.45** 

741,978.37

**Distributions**

**Available Funds**

**Distribution Detail**

Paid

Shortfall

Due

0.00 143,705.55

143,705.55

Total Servicing Fee

Total Trustee Fee

0.00 0.00 0.00 218,317.36

218,317.36

0.00 Monthly Interest Distributable Amount

thereof on Class A-1 Notes

0.00 0.00 0.00 thereof on Class A-2A Notes

0.00 0.00 0.00 thereof on Class A-2B Notes

0.00 0.00 0.00 thereof on Class A-3 Notes

0.00 0.00 0.00 thereof on Class A-4 Notes

218,317.36

0.00 218,317.36

Interest Carryover Shortfall Amount

0.00 0.00 0.00 thereof on Class A-1 Notes

0.00 0.00 0.00 thereof on Class A-2A Notes

0.00 0.00 0.00 thereof on Class A-2B Notes

0.00 0.00 0.00 thereof on Class A-3 Notes

0.00 0.00 0.00 thereof on Class A-4 Notes

0.00 0.00 0.00 218,317.36

218,317.36

0.00 Interest Distributable Amount Class A Notes

Priority Principal Distributable Amount

0.00 0.00 0.00 Regular Principal Distributable Amount

13,020,901.17

0.00 13,020,901.17

Aggregate Principal Distributable Amount

13,020,901.17

13,020,901.17

0.00 ------

**Investor Report**

**Mercedes-Benz Auto Receivables Trust 2019-1**

Collection Period Ended

**Page 3 of 5**

Amounts in USD

31-Dec-2022

**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

3,883,016.09

0.00 0.00 3,883,016.09

Reserve Fund Required Amount

&nbsp;&nbsp;&nbsp;&nbsp;plus top up Reserve Fund up to the Required Amount

&nbsp;&nbsp;&nbsp;&nbsp;plus Net Investment Earnings for the Collection Period

&nbsp;&nbsp;&nbsp;&nbsp;minus Net Investment Earnings

&nbsp;&nbsp;&nbsp;&nbsp;minus Reserve Fund Draw Amount

0.00 Investment Earnings for the Collection Period

Net Investment Earnings on the Collection Account

37,135.98

11,282.07

11,282.07

11,282.07

48,418.05

3,883,016.09

**Notice to Investors**

------

**Investor Report**

**Mercedes-Benz Auto Receivables Trust 2019-1**

Collection Period Ended

**Page 4 of 5**

Amounts in USD

31-Dec-2022

**Pool Statistics**

Principal Gross Losses

**Pool Data**

1,615,006,230.09

4.05%

20.62 50.04 Cutoff Date Pool Balance

Amount

Number of Receivables

Pool Balance beginning of Collection Period

172,446,656.42

Principal Collections

Principal Collections attributable to Full Pay-offs

Principal Purchase Amounts

Pool Balance end of Collection Period

Weighted Average APR

3,747,530.57

97,651.98

230,718.00

158,950,624.42

14,230

15,147

Weighted Average Number of Remaining Payments

Weighted Average Seasoning (months)

As of Cutoff Date

Current

50,838

9,420,131.45

3.71%

52.01 Pool Factor

9.84%

12.33 ------

**Investor Report**

**Mercedes-Benz Auto Receivables Trust 2019-1**

Collection Period Ended

**Page 5 of 5**

Amounts in USD

31-Dec-2022

**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

158,950,624.42

14,230

100.00%

91-120 Days Delinquent

0.13%

202,491.65

61-90 Days Delinquent

0.18%

289,279.62

31-60 Days Delinquent

0.66%

1,043,164.10

Current

99.03%

157,415,689.05

14,132

**Delinquency Profile** 

**(1)** Amount

Number of Receivables

Percentage

**Delinquency Trigger**

60+ Delinquency Loans to EOP Aggregate Securitization Value

Delinquency Trigger occurred

 **2.302%**

0.309%

No

**Loss Statistics**

**Average Net Loss / (Gain)**

6,651.10

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

Four Month Average

0.287%

Third Prior Collection Period

Second Prior Collection Period

Prior Collection Period

Current Collection Period

0.017%

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

5,340,831.26

2,310.42

Principal Net Loss / (Gain)

Principal Recoveries

161,096.70

10,640,915.08

Principal Net Liquidation Proceeds

67,310.88

7,874,900.61

Principal Gross Losses

230,718.00

23,856,646.95

803

**Losses** 

**(1)** Amount

Number of Receivables

Number of Receivables

Amount

**Current**

**Cumulative**

0.331%

(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**.

0.301 %

0.883 %

(0.052%)

### Attached PDF Documents

**Attachment 1:** `mbart20191.pdf`

Mercedes-Benz Auto Receivables Trust 2019-1

Investor Report

Collection Period Ended 31-Dec-2022

Page 1 of 5

Amounts in USD

# **Dates**

| Collection Period No. | 40 |  |  |  |
| --- | --- | --- | --- | --- |
| Collection Period (from... to) | 1-Dec-2022 | 31-Dec-2022 |  |  |
| Determination Date | 12-Jan-2023 |  |  |  |
| Record Date | 13-Jan-2023 |  |  |  |
| Distribution Date | 17-Jan-2023 |  |  |  |
| Interest Period of the Class A-1 Notes (from... to) | 15-Dec-2022 | 17-Jan-2023 | Actual/360 Days | 33 |
| Interest Period of the Class A-2A, A-3 and A-4 Notes (from... to) | 15-Dec-2022 | 15-Jan-2023 | 30/360 Days | 30 |

# **Summary**

|  | Initial Balance | Beginning Balance | Ending Balance | Principal Payment | Principal per $1000 Face Amount | Note Factor |
| --- | --- | --- | --- | --- | --- | --- |
| Class A-1 Notes | 360,800,000.00 | 0.00 | 0.00 | 0.00 | 0.000000 | 0.000000 |
| Class A-2A Notes | 511,000,000.00 | 0.00 | 0.00 | 0.00 | 0.000000 | 0.000000 |
| Class A-2B Notes | 50,000,000.00 | 0.00 | 0.00 | 0.00 | 0.000000 | 0.000000 |
| Class A-3 Notes | 464,000,000.00 | 0.00 | 0.00 | 0.00 | 0.000000 | 0.000000 |
| Class A-4 Notes | 128,560,000.00 | 128,421,977.48 | 115,401,076.31 | 13,020,901.17 | 101.282679 | 0.897644 |
| Total Note Balance | 1,514,360,000.00 | 128,421,977.48 | 115,401,076.31 | 13,020,901.17 |  |  |

| Overcollateralization | 38,846,436.21 | 38,830,160.91 | 38,830,160.91 |
| --- | --- | --- | --- |
| Adjusted Pool Balance | 1,553,206,436.21 | 167,252,138.39 | 154,231,237.22 |
| Yield Supplement Overcollateralization Amount | 61,799,793.88 | 5,194,518.03 | 4,719,387.20 |
| Pool Balance | 1,615,006,230.09 | 172,446,656.42 | 158,950,624.42 |

|  | Amount | Percentage |
| --- | --- | --- |
| Initial Overcollateralization Amount | 38,846,436.21 | 2.50% |
| Target Overcollateralization Amount | 38,830,160.91 | 2.50% |
| Current Overcollateralization Amount | 38,830,160.91 | 2.50% |

|  | Interest Rate | Interest Payment | Interest per $1000 Face Amount | Interest & Principal Payment | Interest & Principal Payment per $1000 Face Amount |
| --- | --- | --- | --- | --- | --- |
| Class A-1 Notes | 0.000000% | 0.00 | 0.000000 | 0.00 | 0.000000 |
| Class A-2A Notes | 2.040000% | 0.00 | 0.000000 | 0.00 | 0.000000 |
| Class A-2B Notes | 4.497860% | 0.00 | 0.000000 | 0.00 | 0.000000 |
| Class A-3 Notes | 1.940000% | 0.00 | 0.000000 | 0.00 | 0.000000 |
| Class A-4 Notes | 2.040000% | 218,317.36 | 1.698175 | 13,239,218.53 | 102.980854 |
| Total |  | $218,317.36 |  | $13,239,218.53 |  |

Mercedes-Benz Auto Receivables Trust 2019-1

Investor Report

Collection Period Ended 31-Dec-2022

Page 2 of 5

Amounts in USD

| Available Funds |  | Distributions |  |
| --- | --- | --- | --- |
| Principal Collections | 13,167,662.02 | (1) Total Servicing Fee | 143,705.55 |
| Interest Collections | 579,065.47 | Nonrecoverable Advances to the Servicer | 0.00 |
| Net Liquidation Proceeds | 67,699.00 | (2) Total Trustee Fees and any Asset Representations Reviewer fees (max. $250,000 p.a.) | 0.00 |
| Recoveries | 163,929.76 | (3) Interest Distributable Amount Class A Notes | 218,317.36 |
| Purchase Amounts | 98,128.15 | (4) Priority Principal Distributable Amount | 0.00 |
| Advances made by the Servicer | 0.00 | (5) To Reserve Fund to reach the Reserve Fund Required Amount | 0.00 |
| Investment Earnings | 48,418.05 | (6) Regular Principal Distributable Amount | 13,020,901.17 |
| Available Collections | 14,124,902.45 | (7) Additional Servicing Fee and Transition Costs | 0.00 |
| Reserve Fund Draw Amount | 0.00 | (8) Total Trustee Fees and any Asset Representations Reviewer fees [not previously paid under (2)] | 0.00 |
| Available Funds | 14,124,902.45 | (9) Excess Collections to Certificateholders | 741,978.37 |
|  |  | Total Distribution | 14,124,902.45 |

| Distribution Detail |  |  |  |
| --- | --- | --- | --- |
|  | Due | Paid | Shortfall |
| Total Servicing Fee | 143,705.55 | 143,705.55 | 0.00 |
| Total Trustee Fee | 0.00 | 0.00 | 0.00 |
| Monthly Interest Distributable Amount | 218,317.36 | 218,317.36 | 0.00 |
| thereof on Class A-1 Notes | 0.00 | 0.00 | 0.00 |
| thereof on Class A-2A Notes | 0.00 | 0.00 | 0.00 |
| thereof on Class A-2B Notes | 0.00 | 0.00 | 0.00 |
| thereof on Class A-3 Notes | 0.00 | 0.00 | 0.00 |
| thereof on Class A-4 Notes | 218,317.36 | 218,317.36 | 0.00 |
| Interest Carryover Shortfall Amount | 0.00 | 0.00 | 0.00 |
| thereof on Class A-1 Notes | 0.00 | 0.00 | 0.00 |
| thereof on Class A-2A Notes | 0.00 | 0.00 | 0.00 |
| thereof on Class A-2B Notes | 0.00 | 0.00 | 0.00 |
| thereof on Class A-3 Notes | 0.00 | 0.00 | 0.00 |
| thereof on Class A-4 Notes | 0.00 | 0.00 | 0.00 |
| Interest Distributable Amount Class A Notes | 218,317.36 | 218,317.36 | 0.00 |
| Priority Principal Distributable Amount | 0.00 | 0.00 | 0.00 |
| Regular Principal Distributable Amount | 13,020,901.17 | 13,020,901.17 | 0.00 |
| Aggregate Principal Distributable Amount | 13,020,901.17 | 13,020,901.17 | 0.00 |

Mercedes-Benz Auto Receivables Trust 2019-1

Investor Report

Collection Period Ended 31-Dec-2022

Page 3 of 5

Amounts in USD

# **Reserve Fund and Investment Earnings**

# **Reserve Fund**

| Reserve Fund Required Amount | 3,883,016.09 |
| --- | --- |
| Reserve Fund Amount - Beginning Balance | 3,883,016.09 |
| plus top up Reserve Fund up to the Required Amount | 0.00 |
| plus Net Investment Earnings for the Collection Period | 11,282.07 |
| minus Net Investment Earnings | 11,282.07 |
| minus Reserve Fund Draw Amount | 0.00 |
| Reserve Fund Amount - Ending Balance | 3,883,016.09 |
| Reserve Fund Deficiency | 0.00 |

# **Investment Earnings**

| Net Investment Earnings on the Reserve Fund | 11,282.07 |
| --- | --- |
| Net Investment Earnings on the Collection Account | 37,135.98 |
| Investment Earnings for the Collection Period | 48,418.05 |

# **Notice to Investors**

Mercedes-Benz Auto Receivables Trust 2019-1

Investor Report

Collection Period Ended 31-Dec-2022

Page 4 of 5

Amounts in USD

# **Pool Statistics**

| Pool Data | Amount | Number of Receivables |
| --- | --- | --- |
| Cutoff Date Pool Balance | 1,615,006,230.09 | 50,838 |
| Pool Balance beginning of Collection Period | 172,446,656.42 | 15,147 |
| Principal Collections | 9,420,131.45 |  |
| Principal Collections attributable to Full Pay-offs | 3,747,530.57 |  |
| Principal Purchase Amounts | 97,651.98 |  |
| Principal Gross Losses | 230,718.00 |  |
| Pool Balance end of Collection Period | 158,950,624.42 | 14,230 |
| Pool Factor | 9.84% |  |
|  | As of Cutoff Date | Current |
| Weighted Average APR | 3.71% | 4.05% |
| Weighted Average Number of Remaining Payments | 52.01 | 20.62 |
| Weighted Average Seasoning (months) | 12.33 | 50.04 |

Mercedes-Benz Auto Receivables Trust 2019-1

Investor Report

Collection Period Ended 31-Dec-2022

Page 5 of 5

Amounts in USD

# **Delinquency Profile**

| Delinquency Profile (1) | Amount | Number of Receivables | Percentage |
| --- | --- | --- | --- |
| Current | 157,415,689.05 | 14,132 | 99.03% |
| 31-60 Days Delinquent | 1,043,164.10 | 67 | 0.66% |
| 61-90 Days Delinquent | 289,279.62 | 18 | 0.18% |
| 91-120 Days Delinquent | 202,491.65 | 13 | 0.13% |
| Total | 158,950,624.42 | 14,230 | 100.00% |

| Delinquency Trigger | 2.302% |
| --- | --- |
| 60+ Delinquency Loans to EOP Aggregate Securitization Value | 0.309% |
| Delinquency Trigger occurred | No |

(1) A receivable is not considered delinquent if the amount past due is less than 10% of the payment due under such receivable

# **Loss Statistics**

| Losses (1) | Current |  | Cumulative |  |
| --- | --- | --- | --- | --- |
|  | Amount | Number of Receivables | Amount | Number of Receivables |
| Principal Gross Losses | 230,718.00 | 13 | 23,856,646.95 | 803 |
| Principal Net Liquidation Proceeds | 67,310.88 |  | 7,874,900.61 |  |
| Principal Recoveries | 161,096.70 |  | 10,640,915.08 |  |
| Principal Net Loss / (Gain) | 2,310.42 |  | 5,340,831.26 |  |

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

| Current Collection Period | 0.017% |
| --- | --- |
| Prior Collection Period | 0.301% |
| Second Prior Collection Period | 0.883% |
| Third Prior Collection Period | (0.052%) |
| Four Month Average | 0.287% |

**Cumulative Principal Net Loss / (Gain) as % of Cutoff Date Pool Balance** 0.331%

**Average Net Loss / (Gain)** 6,651.10

(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.