ANNUAL REPORT

 UNITED
STATES
 SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549

 FORM 10-K

 (Mark
 One)

 ANNUAL
 REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For
 the fiscal year ended: December 31, 2023

 OR

 TRANSITION
 REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For
 the transition period from _________ to _________

 Commission
File Number of Issuing Entity: 333-232590-03
 Commission File Number of Depositor: 333-232590

 Mercedes-Benz
 Auto Receivables Trust 2021-1

 (Exact
name of Issuing Entity as specified in its charter)

 Central
 Index Key number of the Issuing Entity: 0001878122

 Mercedes-Benz
 Retail Receivables LLC

 (Exact
name of Depositor as specified in its charter)

 Central
 Index Key number of the Depositor: 0001463814

 Mercedes-Benz
 Financial Services USA LLC

 (Exact
name of Sponsor as specified in its charter)

 Central
 Index Key number of the Sponsor: 0001540252

 State
 of Delaware

 85-6377703

 (State
 or Other Jurisdiction of Incorporation of issuing entity)

 (I.R.S.
 Employer Identification No.)

 35555
 W. Twelve Mile Rd., Suite 100, Farmington Hills, Michigan

 48331

 (Address
 of Principal Executive Offices of issuing entity)

 (Zip
 Code)

 (248)
991-6700

 (Telephone number, including area code, of issuing entity)

 Securities
registered pursuant to Section 12(b) of the Act: None

 Securities
registered pursuant to Section 12(g) of the Act: None

by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes
No

by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
 Yes No

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 No

by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant
to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter
period that the registrant was required to submit such files). Yes No

by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer,"
"smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check
one):

 Large
 accelerated filer

 Accelerated
 filer

 Non-accelerated
 filer

 Smaller
 reporting company

 Emerging
 growth company

 If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness
of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered
public accounting firm that prepared or issued its audit report.

 If
securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the
registrant included in the filing reflect the correction of an error to previously issued financial statements.

by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation
received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).

by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes No

 State
the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price
at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day
of the registrant's most recently completed second fiscal quarter. Not applicable

 DOCUMENTS
INCORPORATED BY REFERENCE

 List
hereunder the following documents if incorporated by reference and the Part of the Form 10-K ( e.g., Part I, Part II,
etc.) into which the document is incorporated: (1) Any annual report to security holders; (2) Any proxy or information
statement; and (3) Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933. The listed
documents should be clearly described for identification purposes ( e.g., annual report to security holders for the fiscal
year ended December 24, 1980). None

 PART
I

 Item 1B.
 Unresolved
 Staff Comments.

 The
following Items have been omitted in accordance with General Instruction J(1) to Form 10-K:

 Item 1.
 Business.

 Item 1A.
 Risk Factors.

 Item
 1B.
 Cybersecurity.

 Item 2.
 Properties.

 Item 3.
 Legal
Proceedings.

 Item 4.
 Mine
Safety Disclosures.

 PART
II

 Item 9B.
 Other
 Information.

 The
following Items have been omitted in accordance with General Instruction J(1) to Form 10-K:

 Item
 5.
 Market for
 Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of
 Equity Securities.

 Item
 6.
 [Reserved]

 Item
 7.
 Management's
 Discussion and Analysis of Financial Condition and Results of Operations.

 Item
 7A.
 Quantitative
 and Qualitative Disclosures About Market Risk.

 Item
 8.
 Financial
 Statements and Supplementary Data.

 Item
 9.
 Changes
 in and Disagreements with Accountants on Accounting and Financial Disclosure.

 Item
 9A.
 Controls
 and Procedures.

 Item
9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections.

 PART
III

 The
following Items have been omitted in accordance with General Instruction J(1) to Form 10-K:

 Item
 10.
 Directors,
 Executive Officers and Corporate Governance.

 Item
 11.
 Executive
 Compensation.

 Item
 12.
 Security
 Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

 Item
 13.
 Certain
 Relationships and Related Transactions, and Director Independence.

 Item
 14.
 Principal
 Accountant Fees and Services.

 PURSUANT
TO GENERAL INSTRUCTION J(2) THE FOLLOWING SUBSTITUTE INFORMATION IS BEING PROVIDED IN THIS REPORT ON FORM 10-K:

 Item 1112(b)
of Regulation AB. Significant Obligors of Pool Assets – Financial Information.

 Item 1114(b)(2)
of Regulation AB. Credit Enhancement and Other Support, Except for Certain Derivatives Instruments – Financial Information.

 Item 1115(b)
of Regulation AB. Certain Derivatives Instruments – Financial Information.

 Item 1117
of Regulation AB. Legal Proceedings.

 There
are no legal proceedings pending, or any proceedings known to be contemplated by governmental authorities, against the Sponsor,
the Depositor, U.S. Bank Trust Company, National Association (the "Indenture Trustee"), Wilmington Trust, National Association
(the "Owner Trustee"), the Issuing Entity, or any property thereof, that are material to holders of the Asset Backed
Notes issued by the Issuing Entity (the "Notes"), except to the extent set forth below with respect to the Indenture
Trustee.

 The
Indenture Trustee has provided the information contained in the following five paragraphs for purposes of compliance with Regulation
AB:

 U.S.
Bank National Association ("U.S. Bank") and other large financial institutions have been sued in their capacity as
trustee or successor trustee for certain residential mortgage backed securities ("RMBS") trusts. The complaints, primarily
filed by investors or investor groups against U.S. Bank and similar institutions, allege the trustees caused losses to investors
as a result of alleged failures by the sponsors, mortgage loan sellers and servicers to comply with the governing agreements for
these RMBS trusts. Plaintiffs generally assert causes of action based upon the trustees' purported failures to enforce repurchase
obligations of mortgage loan sellers for alleged breaches of representations and warranties, notify securityholders of purported
events of default allegedly caused by breaches of servicing standards by mortgage loan servicers and abide by a heightened standard
of care following alleged events of default.

 U.S.
Bank denies liability and believes that it has performed its obligations under the RMBS trusts in good faith, that its actions
were not the cause of losses to investors, that it has meritorious defenses, and it has contested and intends to continue contesting
the plaintiffs' claims vigorously. However, U.S. Bank cannot assure you as to the outcome of any of the litigation, or the
possible impact of these litigations on the trustee or the RMBS trusts.

 On
March 9, 2018, a law firm purporting to represent fifteen Delaware statutory trusts (the "DSTs") that issued securities
backed by student loans (the "Student Loans") filed a lawsuit in the Delaware Court of Chancery against U.S. Bank
National Association ("U.S. Bank") in its capacities as indenture trustee and successor special servicer, and three
other institutions in their respective transaction capacities, with respect to the DSTs and the Student Loans. This lawsuit is
captioned The National Collegiate Student Loan Master Trust I, et al. v. U.S. Bank National Association, et al., C.A. No. 2018-0167-JRS
(Del. Ch.) (the "NCMSLT Action"). The complaint, as amended on June 15, 2018, alleged that the DSTs have been harmed
as a result of purported misconduct or omissions by the defendants concerning administration of the trusts and special servicing
of the Student Loans. Since the filing of the NCMSLT Action, certain Student Loan borrowers have made assertions against U.S.
Bank concerning special servicing that appear to be based on certain allegations made on behalf of the DSTs in the NCMSLT Action.

 U.S.
Bank has filed a motion seeking dismissal of the operative complaint in its entirety with prejudice pursuant to Chancery Court
Rules 12(b)(1) and 12(b)(6) or, in the alternative, a stay of the case while other prior filed disputes involving the DSTs and
the Student Loans are litigated. On November 7, 2018, the Court ruled that the case should be stayed in its entirety pending resolution
of the first-filed cases. On January 21, 2020, the Court entered an order consolidating for pretrial purposes the NCMSLT Action
and three other lawsuits pending in the Delaware Court of Chancery concerning the DSTs and the Student Loans, which remains pending.

 U.S.
Bank denies liability in the NCMSLT Action and believes it has performed its obligations as indenture trustee and special servicer
in good faith and in compliance in all material respects with the terms of the agreements governing the DSTs and that it has meritorious
defenses. It has contested and intends to continue contesting the plaintiffs' claims vigorously.

 Item 1119
of Regulation AB. Affiliations and Certain Relationships and Related Transactions.

 Information
required by Item 1119 of Regulation AB has been omitted from this report on Form 10-K in reliance on the Instruction to Item 1119.

 Item 1122
of Regulation AB. Compliance with Applicable Servicing Criteria.

 Each
of the Sponsor, in its capacity as Servicer, and the Indenture Trustee (together with the Sponsor in its capacity as Servicer,
each, a "Servicing Participant") has been identified by the registrant as a party participating in the servicing function
during the reporting period with respect to the pool assets held by the Issuing Entity. Each Servicing Participant has completed
a report on an assessment of compliance with the servicing criteria applicable to such Servicing Participant (each, a "Report
on Assessment") as of December 31, 2023, and for the reporting period, which Reports on Assessment are attached as
Exhibits 33.1 and 33.2 to this report on Form 10-K. In addition, each Servicing Participant has provided an attestation
report (each, an "Attestation Report") by a registered independent public accounting firm on its Report on Assessment.
The Attestation Reports are attached as Exhibits 34.1 and 34.2 to this report on Form 10-K. The Report on Assessment
prepared by the Indenture Trustee and the Attestation Report provided by the Indenture Trustee did not identify any material instance
of noncompliance with the servicing criteria applicable to the Indenture Trustee. The Report on Assessment prepared by the Servicer
and the Attestation Report provided by the Servicer did not identify any material instance of noncompliance with the servicing
criteria applicable to the Servicer.

 Item 1123
of Regulation AB. Servicing Compliance Statement.

 The
Servicer has completed a statement of compliance with its obligations under the applicable servicing agreement (a "Compliance
Statement") signed by an authorized officer of the Servicer. The Compliance Statement is attached as Exhibit 35.1 to this
report on Form 10-K.

 PART
IV

 Item
 15.
 Exhibits and Financial Statement Schedules.

 (a)
 The
 following documents are filed as part of this report

 (1)
 Not
 applicable.

 (2)
 Not
 applicable.

 (3)
 See
 Item 15(b) below.

 (b)
 Exhibits
 Required by Item 601 of Regulation S-K

 Exhibit
 Number

 Description

 1.1

 Underwriting Agreement, dated September 15, 2021, among Daimler Retail Receivables LLC, Mercedes-Benz Financial Services USA LLC and Mizuho Securities USA LLC, Santander Investment Securities Inc. and TD Securities (USA) LLC, as representatives of the several underwriters named therein (included in Exhibit 1.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on September 17, 2021, which is incorporated herein by reference).

 3.1

 Certificate of Formation of Mercedes-Benz Retail Receivables LLC (included in Exhibit 3.1 to the Registration Statement on Form SF-3 of Mercedes-Benz Retail Receivables LLC, No. 333-266303, as filed with the SEC on July 22, 2022, which is incorporated herein by reference).

 3.2

 Limited Liability Company Agreement of Mercedes-Benz Retail Receivables LLC (included in Exhibit 3.2 to the Form 8-K/A of Mercedes-Benz Auto Receivables Trust 2022-1 (cik: 0001951118), as filed with the SEC on November 18, 2022, which is incorporated herein by reference).

 4.1

 Indenture, dated as of September 1, 2021, between the Issuing Entity and U.S. Bank National Association, as indenture trustee (included in Exhibit 4.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on September 24, 2021, which is incorporated herein by reference).

 4.2

 Amended and Restated Trust Agreement, dated as of September 1, 2021, between Daimler Retail Receivables LLC, as depositor, and Wilmington Trust, National Association, as owner trustee (included in Exhibit 4.2 to the Form 8-K of the Issuing Entity, as filed with the SEC on September 24, 2021, which is incorporated herein by reference).

 10.1

 Sale and Servicing Agreement, dated as of September 1, 2021, among the Issuing Entity, Daimler Retail Receivables LLC, and Mercedes-Benz Financial Services USA LLC, as seller and as servicer (included in Exhibit 10.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on September 24, 2021, which is incorporated herein by reference).

 10.2

 Administration Agreement, dated as of September 1, 2021, among the Issuing Entity, Daimler Retail Receivables LLC, Mercedes-Benz Financial Services USA LLC, as administrator, and U.S. Bank National Association, as indenture trustee (included in Exhibit 10.2 to the Form 8-K of the Issuing Entity, as filed with the SEC on September 24, 2021, which is incorporated herein by reference).

 10.3

 Receivables Purchase Agreement, dated as of September 1, 2021, between Mercedes-Benz Financial Services USA LLC, as seller, and Daimler Retail Receivables LLC, as purchaser (included in Exhibit 10.3 to the Form 8-K of the Issuing Entity, as filed with the SEC on September 24, 2021, which is incorporated herein by reference).

 10.4

 Asset Representations Review Agreement, dated as of September 1, 2021, among the Issuing Entity, Mercedes-Benz Financial Services USA LLC, as administrator and servicer, and Clayton Fixed Income Services LLC, as asset representations reviewer (included in Exhibit 10.4 to the Form 8-K of the Issuing Entity, as filed with the SEC on September 24, 2021, which is incorporated herein by reference).

 31.1

 Certification of Mercedes-Benz Financial Services USA LLC, as Servicer, pursuant to Rule 13a-14(d)/15d-14(d) (Section 302 Certification).

 33.1

 Report on Assessment of Compliance with Servicing Criteria for Mercedes-Benz Financial Services USA LLC, as Servicer.

 33.2

 Report on Assessment of Compliance with Applicable Servicing Criteria for U.S. Bank Trust Company, National Association, as Indenture Trustee.

 34.1

 Attestation Report of Grant Thornton LLP on Assessment of Compliance with Servicing Criteria relating to Mercedes-Benz Financial Services USA LLC, as Servicer.

 34.2

 Attestation Report of Ernst & Young LLP on Assessment of Compliance with Applicable Servicing Criteria relating to U.S. Bank Trust Company, National Association, as Indenture Trustee.

 35.1

 Servicer Compliance Statement of Mercedes-Benz Financial Services USA LLC, as Servicer.

 (c) Not
applicable.

 Item
16. Form 10-K Summary.

 Not
included.

 SUPPLEMENTAL
INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED
SECURITIES PURSUANT TO SECTION 12 OF THE ACT.

 No
annual report to security holders, proxy statement, form of proxy or other proxy soliciting material has been sent to any security
holders or is presently anticipated to be furnished to security holders subsequent to the filing of this annual report on Form 10-K.

 SIGNATURES

 Pursuant
to the requirements of Section 13 or 15(d) 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 2021-1
 (Issuing Entity)

 By:
 Mercedes-Benz
 Financial Services USA LLC

 (Servicer)

 By:

 /s/ Christian
 Rottenkolber

 Name: Christian Rottenkolber

 Title: Vice President and Chief Financial Officer (senior officer in charge of the servicing function for the Servicer)

 Dated:
March 20, 2024

 EXHIBIT

 Exhibit
 Number

 Description

 1.1

 Underwriting Agreement, dated September 15, 2021, among Daimler Retail Receivables LLC, Mercedes-Benz Financial Services USA LLC and Mizuho Securities USA LLC, Santander Investment Securities Inc. and TD Securities (USA) LLC, as representatives of the several underwriters named therein (included in Exhibit 1.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on September 17, 2021, which is incorporated herein by reference).

 3.1

 Certificate of Formation of Mercedes-Benz Retail Receivables LLC (included in Exhibit 3.1 to the Registration Statement on Form SF-3 of Mercedes-Benz Retail Receivables LLC, No. 333-266303, as filed with the SEC on July 22, 2022, which is incorporated herein by reference).

 3.2

 Limited Liability Company Agreement of Mercedes-Benz Retail Receivables LLC (included in Exhibit 3.2 to Form 8-K/A of Mercedes-Benz Auto Receivables Trust 2022-1 (cik: 0001951118), as filed with the SEC on November 18, 2022, which is incorporated herein by reference).

 4.1

 Indenture, dated as of September 1, 2021, between the Issuing Entity and U.S. Bank National Association, as indenture trustee (included in Exhibit 4.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on September 24, 2021, which is incorporated herein by reference).

 4.2

 Amended and Restated Trust Agreement, dated as of September 1, 2021, between Daimler Retail Receivables LLC, as Depositor, and Wilmington Trust, National Association, as owner trustee (included in Exhibit 4.2 to the Form 8-K of the Issuing Entity, as filed with the SEC on September 24, 2021, which is incorporated herein by reference).

 10.1

 Sale and Servicing Agreement, dated as of September 1, 2021, among the Issuing Entity, Daimler Retail Receivables LLC, and Mercedes-Benz Financial Services USA LLC, as seller and as servicer (included in Exhibit 10.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on September 24, 2021, which is incorporated herein by reference).

 10.2

 Administration Agreement, dated as of September 1, 2021, among the Issuing Entity, Daimler Retail Receivables LLC, Mercedes-Benz Financial Services USA LLC, as administrator, and U.S. Bank National Association, as indenture trustee (included in Exhibit 10.2 to the Form 8-K of the Issuing Entity, as filed with the SEC on September 24, 2021, which is incorporated herein by reference).

 10.3

 Receivables Purchase Agreement, dated as of September 1, 2021, between Mercedes-Benz Financial Services USA LLC, as seller, and Daimler Retail Receivables LLC, as purchaser (included in Exhibit 10.3 to the Form 8-K of the Issuing Entity, as filed with the SEC on September 24, 2021, which is incorporated herein by reference).

 10.4

 Asset Representations Review Agreement, dated as of September 1, 2021, among the Issuing Entity, Mercedes-Benz Financial Services USA LLC, as administrator and servicer, and Clayton Fixed Income Services LLC, as asset representations reviewer (included in Exhibit 10.4 to the Form 8-K of the Issuing Entity, as filed with the SEC on September 24, 2021, which is incorporated herein by reference).

 31.1

 Certification of Mercedes-Benz Financial Services USA LLC, as Servicer, pursuant to Rule 13a-14(d)/15d-14(d) (Section 302 Certification).

 33.1

 Report on Assessment of Compliance with Servicing Criteria for Mercedes-Benz Financial Services USA LLC, as Servicer.

 33.2

 Report on Assessment of Compliance with Applicable Servicing Criteria for U.S. Bank Trust Company, National Association, as Indenture Trustee.

 34.1

 Attestation Report of Grant Thornton LLP on Assessment of Compliance with Servicing Criteria relating to Mercedes-Benz Financial Services USA LLC, as Servicer.

 34.2

 Attestation Report of Ernst & Young LLP on Assessment of Compliance with Applicable Servicing Criteria relating to U.S. Bank Trust Company, National Association, as Indenture Trustee.

 35.1

 Servicer Compliance Statement of Mercedes-Benz Financial Services USA LLC, as Servicer.


ANNUAL REPORT

 UNITED
STATES
 SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549

 FORM 10-K

 (Mark One)

 ANNUAL
 REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For
 the fiscal year ended: December 31, 2023

 OR

 TRANSITION
 REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For
 the transition period from _________ to _________

 Commission
File Number of Issuing Entity: 333-266303-01
 Commission File Number of Depositor: 333-266303

 Mercedes-Benz
 Auto Receivables Trust 2022-1

 (Exact
name of Issuing Entity as specified in its charter)

 Central
 Index Key number of the Issuing Entity: 0001951118

 Mercedes-Benz
 Retail Receivables LLC

 (Exact
name of Depositor as specified in its charter)

 Central
 Index Key number of the Depositor: 0001463814

 Mercedes-Benz
 Financial Services USA LLC

 (Exact
name of Sponsor as specified in its charter)

 Central
 Index Key number of the Sponsor: 0001540252

 State
 of Delaware

 88-6635680

 (State
 or Other Jurisdiction of Incorporation of issuing entity)

 (I.R.S.
 Employer Identification No.)

 35555
 W. Twelve Mile Rd., Suite 100, Farmington Hills, Michigan

 48331

 (Address
 of Principal Executive Offices of issuing entity)

 (Zip
 Code)

 (248)
 991-6700

 (Telephone
 number, including area code, of issuing entity)

 Securities
registered pursuant to Section 12(b) of the Act: None

 Securities
registered pursuant to Section 12(g) of the Act: None

by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes
No

by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
 Yes No

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 No

by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant
to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter
period that the registrant was required to submit such files). Yes No

by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer,"
"smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check
one):

 Large
 accelerated filer

 Accelerated
 filer

 Non-accelerated
 filer

 Smaller
 reporting company

 Emerging
 growth company

 If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness
of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered
public accounting firm that prepared or issued its audit report.

 If
securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the
registrant included in the filing reflect the correction of an error to previously issued financial statements.

by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation
received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).

by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes No

 State
the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price
at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day
of the registrant's most recently completed second fiscal quarter. Not applicable

 DOCUMENTS
INCORPORATED BY REFERENCE

 List
hereunder the following documents if incorporated by reference and the Part of the Form 10-K ( e.g., Part I, Part II,
etc.) into which the document is incorporated: (1) Any annual report to security holders; (2) Any proxy or information
statement; and (3) Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933. The listed
documents should be clearly described for identification purposes ( e.g., annual report to security holders for the fiscal
year ended December 24, 1980). None

 PART
I

 Item 1B.
 Unresolved
 Staff Comments.

 The
following Items have been omitted in accordance with General Instruction J(1) to Form 10-K:

 Item 1.
 Business.

 Item 1A.
 Risk
Factors.

 Item 1B.
 Cybersecurity.

 Item 2.
 Properties.

 Item 3.
 Legal
Proceedings.

 Item
 4.
 Mine
 Safety Disclosures.

 PART
II

 Item 9B.
 Other
 Information.

 The
following Items have been omitted in accordance with General Instruction J(1) to Form 10-K:

 Item
 5.
 Market for
 Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of
 Equity Securities.

 Item
 6.
 [Reserved]

 Item
 7.
 Management's
 Discussion and Analysis of Financial Condition and Results of Operations.

 Item
 7A.
 Quantitative
 and Qualitative Disclosures About Market Risk.

 Item
 8.
 Financial
 Statements and Supplementary Data.

 Item
 9.
 Changes
 in and Disagreements with Accountants on Accounting and Financial Disclosure.

 Item
 9A.
 Controls
 and Procedures.

 Item
9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

 PART
III

 The
following Items have been omitted in accordance with General Instruction J(1) to Form 10-K:

 Item
 10.
 Directors,
 Executive Officers and Corporate Governance.

 Item
 11.
 Executive
 Compensation.

 Item
 12.
 Security
 Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

 Item
 13.
 Certain
 Relationships and Related Transactions, and Director Independence.

 Item
 14.
 Principal
 Accountant Fees and Services.

 PURSUANT
TO GENERAL INSTRUCTION J(2) THE FOLLOWING SUBSTITUTE INFORMATION IS BEING PROVIDED IN THIS REPORT ON FORM 10-K:

 Item 1112(b)
of Regulation AB. Significant Obligors of Pool Assets – Financial Information.

 Item 1114(b)(2)
of Regulation AB. Credit Enhancement and Other Support, Except for Certain Derivatives Instruments – Financial Information.

 Item 1115(b)
of Regulation AB. Certain Derivatives Instruments – Financial Information.

 Item 1117
of Regulation AB. Legal Proceedings.

 There
are no legal proceedings pending, or any proceedings known to be contemplated by governmental authorities, against the Sponsor,
the Depositor, U.S. Bank Trust Company, National Association (the "Indenture Trustee"), Wilmington Trust, National Association
(the "Owner Trustee"), the Issuing Entity, or any property thereof, that are material to holders of the Asset Backed
Notes issued by the Issuing Entity (the "Notes"), except to the extent set forth below with respect to the Indenture
Trustee.

 The
Indenture Trustee has provided the information contained in the following five paragraphs for purposes of compliance with Regulation
AB:

 U.S.
Bank National Association ("U.S. Bank") and other large financial institutions have been sued in their capacity as
trustee or successor trustee for certain residential mortgage backed securities ("RMBS") trusts. The complaints, primarily
filed by investors or investor groups against U.S. Bank and similar institutions, allege the trustees caused losses to investors
as a result of alleged failures by the sponsors, mortgage loan sellers and servicers to comply with the governing agreements for
these RMBS trusts. Plaintiffs generally assert causes of action based upon the trustees' purported failures to enforce repurchase
obligations of mortgage loan sellers for alleged breaches of representations and warranties, notify securityholders of purported
events of default allegedly caused by breaches of servicing standards by mortgage loan servicers and abide by a heightened standard
of care following alleged events of default.

 U.S.
Bank denies liability and believes that it has performed its obligations under the RMBS trusts in good faith, that its actions
were not the cause of losses to investors, that it has meritorious defenses, and it has contested and intends to continue contesting
the plaintiffs' claims vigorously. However, U.S. Bank cannot assure you as to the outcome of any of the litigation, or the
possible impact of these litigations on the trustee or the RMBS trusts.

 On
March 9, 2018, a law firm purporting to represent fifteen Delaware statutory trusts (the "DSTs") that issued securities
backed by student loans (the "Student Loans") filed a lawsuit in the Delaware Court of Chancery against U.S. Bank
National Association ("U.S. Bank") in its capacities as indenture trustee and successor special servicer, and three
other institutions in their respective transaction capacities, with respect to the DSTs and the Student Loans. This lawsuit is
captioned The National Collegiate Student Loan Master Trust I, et al. v. U.S. Bank National Association, et al., C.A. No. 2018-0167-JRS
(Del. Ch.) (the "NCMSLT Action"). The complaint, as amended on June 15, 2018, alleged that the DSTs have been harmed
as a result of purported misconduct or omissions by the defendants concerning administration of the trusts and special servicing
of the Student Loans. Since the filing of the NCMSLT Action, certain Student Loan borrowers have made assertions against U.S.
Bank concerning special servicing that appear to be based on certain allegations made on behalf of the DSTs in the NCMSLT Action.

 U.S.
Bank has filed a motion seeking dismissal of the operative complaint in its entirety with prejudice pursuant to Chancery Court
Rules 12(b)(1) and 12(b)(6) or, in the alternative, a stay of the case while other prior filed disputes involving the DSTs and
the Student Loans are litigated. On November 7, 2018, the Court ruled that the case should be stayed in its entirety pending resolution
of the first-filed cases. On January 21, 2020, the Court entered an order consolidating for pretrial purposes the NCMSLT Action
and three other lawsuits pending in the Delaware Court of Chancery concerning the DSTs and the Student Loans, which remains pending.

 U.S.
Bank denies liability in the NCMSLT Action and believes it has performed its obligations as indenture trustee and special servicer
in good faith and in compliance in all material respects with the terms of the agreements governing the DSTs and that it has meritorious
defenses. It has contested and intends to continue contesting the plaintiffs' claims vigorously.

 Item 1119
of Regulation AB. Affiliations and Certain Relationships and Related Transactions.

 Information
required by Item 1119 of Regulation AB has been omitted from this report on Form 10-K in reliance on the Instruction to Item 1119.

 Item 1122
of Regulation AB. Compliance with Applicable Servicing Criteria.

 Each
of the Sponsor, in its capacity as Servicer, and the Indenture Trustee (together with the Sponsor in its capacity as Servicer,
each, a "Servicing Participant") has been identified by the registrant as a party participating in the servicing function
during the reporting period with respect to the pool assets held by the Issuing Entity. Each Servicing Participant has completed
a report on an assessment of compliance with the servicing criteria applicable to such Servicing Participant (each, a "Report
on Assessment") as of December 31, 2023, and for the reporting period, which Reports on Assessment are attached as
Exhibits 33.1 and 33.2 to this report on Form 10-K. In addition, each Servicing Participant has provided an attestation
report (each, an "Attestation Report") by a registered independent public accounting firm on its Report on Assessment.
The Attestation Reports are attached as Exhibits 34.1 and 34.2 to this report on Form 10-K. The Report on Assessment
prepared by the Indenture Trustee and the Attestation Report provided by the Indenture Trustee did not identify any material instance
of noncompliance with the servicing criteria applicable to the Indenture Trustee. The Report on Assessment prepared by the Servicer
and the Attestation Report provided by the Servicer did not identify any material instance of noncompliance with the servicing
criteria applicable to the Servicer.

 Item 1123
of Regulation AB. Servicing Compliance Statement.

 The
Servicer has completed a statement of compliance with its obligations under the applicable servicing agreement (a "Compliance
Statement") signed by an authorized officer of the Servicer. The Compliance Statement is attached as Exhibit 35.1 to this
report on Form 10-K.

 PART
IV

 Item
 15.
 Exhibits
 and Financial Statement Schedules.

 (a)
 The
 following documents are filed as part of this report

 (1)
 Not
 applicable.

 (2)
 Not
 applicable.

 (3)
 See
 Item 15(b) below.

 (b)
 Exhibits
 Required by Item 601 of Regulation S-K

 Exhibit
 Number

 Description

 1.1

 Underwriting Agreement, dated November 15, 2022, among Mercedes-Benz Retail Receivables LLC, Mercedes-Benz Financial Services USA LLC and SMBC Nikko Securities America, Inc., Credit Agricole Securities (USA) Inc. and Mizuho Securities USA LLC, as representatives of the several underwriters named therein (included in Exhibit 1.1 to the Form 8-K/A of the Issuing Entity, as filed with the SEC on November 18, 2022, which is incorporated herein by reference).

 3.1

 Certificate of Formation of Mercedes-Benz Retail Receivables LLC (included in Exhibit 3.1 to the Registration Statement on Form SF-3 of Mercedes-Benz Retail Receivables LLC, No. 333-266303, as filed with the SEC on July 22, 2022, which is incorporated herein by reference).

 3.2

 Limited Liability Company Agreement of Mercedes-Benz Retail Receivables LLC (included in Exhibit 3.2 to the Form 8-K/A of the Issuing Entity, as filed with the SEC on November 18, 2022, which is incorporated herein by reference).

 4.1

 Indenture, dated as of November 1, 2022, between the Issuing Entity and U.S. Bank Trust Company, National Association, as indenture trustee (included in Exhibit 4.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on November 22, 2022, which is incorporated herein by reference).

 4.2

 Amended and Restated Trust Agreement, dated as of November 1, 2022, between Mercedes-Benz Retail Receivables LLC, as depositor, and Wilmington Trust, National Association, as owner trustee (included in Exhibit 4.2 to the Form 8-K of the Issuing Entity, as filed with the SEC on November 22, 2022, which is incorporated herein by reference).

 10.1

 Sale and Servicing Agreement, dated as of November 1, 2022, among the Issuing Entity, Mercedes-Benz Retail Receivables LLC, and Mercedes-Benz Financial Services USA LLC, as seller and as servicer (included in Exhibit 10.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on November 22, 2022, which is incorporated herein by reference).

 10.2

 Receivables Purchase Agreement, dated as of November 1, 2022, between Mercedes-Benz Financial Services USA LLC, as seller, and Mercedes-Benz Retail Receivables LLC, as purchaser (included in Exhibit 10.2 to the Form 8-K of the Issuing Entity, as filed with the SEC on November 22, 2022, which is incorporated herein by reference).

 10.3

 Asset Representations Review Agreement, dated as of November 1, 2022, among the Issuing Entity, Mercedes-Benz Financial Services USA LLC, as administrator and servicer, and Clayton Fixed Income Services LLC, as asset representations reviewer (included in Exhibit 10.3 to the Form 8-K of the Issuing Entity, as filed with the SEC on November 22, 2022, which is incorporated herein by reference).

 10.4

 Administration Agreement, dated as of November 1, 2022, among the Issuing Entity, Mercedes-Benz Retail Receivables LLC, Mercedes-Benz Financial Services USA LLC, as administrator, and U.S. Bank Trust Company, National Association, as indenture trustee (included in Exhibit 10.4 to the Form 8 K of the Issuing Entity, as filed with the SEC on November 22, 2022, which is incorporated herein by reference).

 31.1

 Certification of Mercedes-Benz Financial Services USA LLC, as Servicer, pursuant to Rule 13a-14(d)/15d-14(d) (Section 302 Certification).

 33.1

 Report on Assessment of Compliance with Servicing Criteria for Mercedes-Benz Financial Services USA LLC, as Servicer.

 33.2

 Report on Assessment of Compliance with Applicable Servicing Criteria for U.S. Bank Trust Company, National Association, as Indenture Trustee.

 34.1

 Attestation Report of Grant Thornton LLP on Assessment of Compliance with Servicing Criteria relating to Mercedes-Benz Financial Services USA LLC, as Servicer.

 34.2

 Attestation Report of Ernst & Young LLP on Assessment of Compliance with Applicable Servicing Criteria relating to U.S. Bank Trust Company, National Association, as Indenture Trustee.

 35.1

 Servicer Compliance Statement of Mercedes-Benz Financial Services USA LLC, as Servicer.

 (c) Not
applicable.

 Item
 16.
 Form
 10–K Summary

 Not
included.

 SUPPLEMENTAL
INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED
SECURITIES PURSUANT TO SECTION 12 OF THE ACT.

 No
annual report to security holders, proxy statement, form of proxy or other proxy soliciting material has been sent to any security
holders or is presently anticipated to be furnished to security holders subsequent to the filing of this annual report on Form 10-K.

 SIGNATURES

 Pursuant
to the requirements of Section 13 or 15(d) 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 2022-1
 (Issuing Entity)

 By:
 Mercedes-Benz
 Financial Services USA LLC

 (Servicer)

 By:

 /s/ Christian
 Rottenkolber

 Name: Christian Rottenkolber

 Title: Vice President and Chief Financial Officer (senior officer in charge of the servicing function for the Servicer)

 Dated:
March 20, 2024

 EXHIBIT

 Exhibit
 Number

 Description

 1.1

 Underwriting Agreement, dated November 15, 2022, among Mercedes-Benz Retail Receivables LLC, Mercedes-Benz Financial Services USA LLC and SMBC Nikko Securities America, Inc., Credit Agricole Securities (USA) Inc. and Mizuho Securities USA LLC, as representatives of the several underwriters named therein (included in Exhibit 1.1 to the Form 8-K/A of the Issuing Entity, as filed with the SEC on November 18, 2022, which is incorporated herein by reference).

 3.1

 Certificate of Formation of Mercedes-Benz Retail Receivables LLC (included in Exhibit 3.1 to the Registration Statement on Form SF-3 of Mercedes-Benz Retail Receivables LLC, No. 333-266303, as filed with the SEC on July 22, 2022, which is incorporated herein by reference).

 3.2

 Limited Liability Company Agreement of Mercedes-Benz Retail Receivables LLC (included in Exhibit 3.2 to the Form 8-K/A of the Issuing Entity, as filed with the SEC on November 18, 2022, which is incorporated herein by reference).

 4.1

 Indenture, dated as of November 1, 2022, between the Issuing Entity and U.S. Bank Trust Company, National Association, as indenture trustee (included in Exhibit 4.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on November 22, 2022, which is incorporated herein by reference).

 4.2

 Amended and Restated Trust Agreement, dated as of November 1, 2022, between Mercedes-Benz Retail Receivables LLC, as Depositor, and Wilmington Trust, National Association, as owner trustee (included in Exhibit 4.2 to the Form 8-K of the Issuing Entity, as filed with the SEC on November 22, 2022, which is incorporated herein by reference).

 10.1

 Sale and Servicing Agreement, dated as of November 1, 2022, among the Issuing Entity, Mercedes-Benz Retail Receivables LLC, and Mercedes-Benz Financial Services USA LLC, as seller and as servicer (included in Exhibit 10.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on November 22, 2022, which is incorporated herein by reference).

 10.2

 Receivables Purchase Agreement, dated as of November 1, 2022, between Mercedes-Benz Financial Services USA LLC, as seller, and Mercedes-Benz Retail Receivables LLC, as purchaser (included in Exhibit 10.2 to the Form 8-K of the Issuing Entity, as filed with the SEC on November 22, 2022, which is incorporated herein by reference).

 10.3

 Asset Representations Review Agreement, dated as of November 1, 2022, among the Issuing Entity, Mercedes-Benz Financial Services USA LLC, as administrator and servicer, and Clayton Fixed Income Services LLC, as asset representations reviewer (included in Exhibit 10.3 to the Form 8-K of the Issuing Entity, as filed with the SEC on November 22, 2022, which is incorporated herein by reference).

 10.4

 Administration Agreement, dated as of November 1, 2022, among the Issuing Entity, Mercedes-Benz Retail Receivables LLC, Mercedes-Benz Financial Services USA LLC, as administrator, and U.S. Bank Trust Company, National Association, as indenture trustee (included in Exhibit 10.4 to the Form 8-K of the Issuing Entity, as filed with the SEC on November 22, 2022, which is incorporated herein by reference).

 31.1

 Certification of Mercedes-Benz Financial Services USA LLC, as Servicer, pursuant to Rule 13a-14(d)/15d-14(d) (Section 302 Certification).

 33.1

 Report on Assessment of Compliance with Servicing Criteria for Mercedes-Benz Financial Services USA LLC, as Servicer.

 33.2

 Report on Assessment of Compliance with Applicable Servicing Criteria for U.S. Bank Trust Company, National Association, as Indenture Trustee.

 34.1

 Attestation Report of Grant Thornton LLP on Assessment of Compliance with Servicing Criteria relating to Mercedes-Benz Financial Services USA LLC, as Servicer.

 34.2

 Attestation Report of Ernst & Young LLP on Assessment of Compliance with Applicable Servicing Criteria relating to U.S. Bank Trust Company, National Association, as Indenture Trustee.

 35.1

 Servicer Compliance Statement of Mercedes-Benz Financial Services USA LLC, as Servicer.


ANNUAL REPORT

 UNITED
STATES
 SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549

 FORM 10-K

 (Mark

 One)

 ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
 OF THE SECURITIES EXCHANGE ACT OF 1934

 For the fiscal year ended: December 31,
 2023

 OR

 TRANSITION REPORT PURSUANT TO SECTION 13
 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For the transition period from _________
 to _________

 Commission
File Number of Issuing Entity: 333-266303-02

 Commission File Number of Depositor: 333-266303

 Mercedes-Benz
Auto Receivables Trust 2023-1

 (Exact
name of Issuing Entity as specified in its charter)

Central Index Key number of the Issuing Entity: 0001957424

 Mercedes-Benz
Retail Receivables LLC

 (Exact
name of Depositor as specified in its charter)

 Central Index Key number of the Depositor: 0001463814

 Mercedes-Benz
Financial Services USA LLC

 (Exact
name of Sponsor as specified in its charter)

 Central Index Key number of the Sponsor: 0001540252

 State
 of Delaware

 92-6256590

 (State or Other Jurisdiction
 of Incorporation of issuing entity)

 (I.R.S. Employer
 Identification No.)

 35555
 W. Twelve Mile Rd., Suite 100, Farmington Hills, Michigan

 48331

 (Address of Principal
 Executive Offices of issuing entity)

 (Zip Code)

 (248)
 991-6700

 (Telephone number, including area code, of issuing
 entity)

 Securities
registered pursuant to Section 12(b) of the Act: None

 Securities
registered pursuant to Section 12(g) of the Act: None

by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes
No

by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.
 Yes No

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 No

by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant
to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter
period that the registrant was required to submit such files). Yes No

by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer,"
"smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check
one):

 Large
 accelerated filer

 Accelerated
 filer

 Non-accelerated
 filer

 Smaller
 reporting company

 Emerging
growth company

 If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness
of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered
public accounting firm that prepared or issued its audit report.

 If
securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the
registrant included in the filing reflect the correction of an error to previously issued financial statements.

by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation
received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).

by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes No

 State
the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price
at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day
of the registrant's most recently completed second fiscal quarter. Not applicable

 DOCUMENTS
INCORPORATED BY REFERENCE

 List
hereunder the following documents if incorporated by reference and the Part of the Form 10-K ( e.g., Part I, Part II,
etc.) into which the document is incorporated: (1) Any annual report to security holders; (2) Any proxy or information
statement; and (3) Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933. The listed
documents should be clearly described for identification purposes ( e.g., annual report to security holders for the fiscal
year ended December 24, 1980). None

 PART
I

 Item 1B.
 Unresolved
 Staff Comments.

 The
following Items have been omitted in accordance with General Instruction J(1) to Form 10-K:

 Item 1.
 Business.

 Item 1A.
 Risk Factors.

 Item 1B.
 Cybersecurity.

 Item 2.
 Properties.

 Item 3.
 Legal Proceedings.

 Item
 4.
 Mine Safety
 Disclosures

 PART
II

 Item 9B.
 Other
 Information.

 The
following Items have been omitted in accordance with General Instruction J(1) to Form 10-K:

 Item
 5.
 Market for
 Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of
 Equity Securities.

 Item
 6.
 [Reserved]

 Item
 7.
 Management's
 Discussion and Analysis of Financial Condition and Results of Operations.

 Item
 7A.
 Quantitative
 and Qualitative Disclosures About Market Risk.

 Item
 8.
 Financial
 Statements and Supplementary Data.

 Item
 9.
 Changes
 in and Disagreements with Accountants on Accounting and Financial Disclosure.

 Item
 9A.
 Controls
 and Procedures.

 Item 9C.

 Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

 PART
III

 The
following Items have been omitted in accordance with General Instruction J(1) to Form 10-K:

 Item
 10.
 Directors,
 Executive Officers and Corporate Governance.

 Item
 11.
 Executive
 Compensation.

 Item
 12.
 Security
 Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

 Item
 13.
 Certain
 Relationships and Related Transactions, and Director Independence.

 Item
 14.
 Principal
 Accountant Fees and Services.

 PURSUANT
TO GENERAL INSTRUCTION J(2) THE FOLLOWING SUBSTITUTE INFORMATION IS BEING PROVIDED IN THIS REPORT ON FORM 10-K:

 Item 1112(b)
of Regulation AB. Significant Obligors of Pool Assets – Financial Information.

 Item 1114(b)(2)
of Regulation AB. Credit Enhancement and Other Support, Except for Certain Derivatives Instruments – Financial Information.

 Item 1115(b)
of Regulation AB. Certain Derivatives Instruments – Financial Information.

 Item 1117
of Regulation AB. Legal Proceedings.

 There
are no legal proceedings pending, or any proceedings known to be contemplated by governmental authorities, against the Sponsor,
the Depositor, U.S. Bank Trust Company, National Association (the "Indenture Trustee"), Wilmington Trust, National Association
(the "Owner Trustee"), the Issuing Entity, or any property thereof, that are material to holders of the Asset Backed
Notes issued by the Issuing Entity (the "Notes"), except to the extent set forth below with respect to the Indenture
Trustee.

 The
Indenture Trustee has provided the information contained in the following five paragraphs for purposes of compliance with Regulation
AB:

 U.S.
Bank National Association ("U.S. Bank") and other large financial institutions have been sued in their capacity as
trustee or successor trustee for certain residential mortgage backed securities ("RMBS") trusts. The complaints, primarily
filed by investors or investor groups against U.S. Bank and similar institutions, allege the trustees caused losses to investors
as a result of alleged failures by the sponsors, mortgage loan sellers and servicers to comply with the governing agreements for
these RMBS trusts. Plaintiffs generally assert causes of action based upon the trustees' purported failures to enforce repurchase
obligations of mortgage loan sellers for alleged breaches of representations and warranties, notify securityholders of purported
events of default allegedly caused by breaches of servicing standards by mortgage loan servicers and abide by a heightened standard
of care following alleged events of default.

 U.S.
Bank denies liability and believes that it has performed its obligations under the RMBS trusts in good faith, that its actions
were not the cause of losses to investors, that it has meritorious defenses, and it has contested and intends to continue contesting
the plaintiffs' claims vigorously. However, U.S. Bank cannot assure you as to the outcome of any of the litigation, or the
possible impact of these litigations on the trustee or the RMBS trusts.

 On
March 9, 2018, a law firm purporting to represent fifteen Delaware statutory trusts (the "DSTs") that issued securities
backed by student loans (the "Student Loans") filed a lawsuit in the Delaware Court of Chancery against U.S. Bank
National Association ("U.S. Bank") in its capacities as indenture trustee and successor special servicer, and three
other institutions in their respective transaction capacities, with respect to the DSTs and the Student Loans. This lawsuit is
captioned The National Collegiate Student Loan Master Trust I, et al. v. U.S. Bank National Association, et al., C.A. No. 2018-0167-JRS
(Del. Ch.) (the "NCMSLT Action"). The complaint, as amended on June 15, 2018, alleged that the DSTs have been harmed
as a result of purported misconduct or omissions by the defendants concerning administration of the trusts and special servicing
of the Student Loans. Since the filing of the NCMSLT Action, certain Student Loan borrowers have made assertions against U.S.
Bank concerning special servicing that appear to be based on certain allegations made on behalf of the DSTs in the NCMSLT Action.

 U.S.
Bank has filed a motion seeking dismissal of the operative complaint in its entirety with prejudice pursuant to Chancery Court
Rules 12(b)(1) and 12(b)(6) or, in the alternative, a stay of the case while other prior filed disputes involving the DSTs and
the Student Loans are litigated. On November 7, 2018, the Court ruled that the case should be stayed in its entirety pending resolution
of the first-filed cases. On January 21, 2020, the Court entered an order consolidating for pretrial purposes the NCMSLT Action
and three other lawsuits pending in the Delaware Court of Chancery concerning the DSTs and the Student Loans, which remains pending.

 U.S.
Bank denies liability in the NCMSLT Action and believes it has performed its obligations as indenture trustee and special servicer
in good faith and in compliance in all material respects with the terms of the agreements governing the DSTs and that it has meritorious
defenses. It has contested and intends to continue contesting the plaintiffs' claims vigorously.

 Item 1119
of Regulation AB. Affiliations and Certain Relationships and Related Transactions.

 Information
required by Item 1119 of Regulation AB has been omitted from this report on Form 10-K in reliance on the Instruction to Item 1119.

 Item 1122
of Regulation AB. Compliance with Applicable Servicing Criteria.

 Each
of the Sponsor, in its capacity as Servicer, and the Indenture Trustee (together with the Sponsor in its capacity as Servicer,
each, a "Servicing Participant") has been identified by the registrant as a party participating in the servicing function
during the reporting period with respect to the pool assets held by the Issuing Entity. Each Servicing Participant has completed
a report on an assessment of compliance with the servicing criteria applicable to such Servicing Participant (each, a "Report
on Assessment") as of December 31, 2023, and for the reporting period, which Reports on Assessment are attached as
Exhibits 33.1 and 33.2 to this report on Form 10-K. In addition, each Servicing Participant has provided an attestation
report (each, an "Attestation Report") by a registered independent public accounting firm on its Report on Assessment.
The Attestation Reports are attached as Exhibits 34.1 and 34.2 to this report on Form 10-K. The Report on Assessment
prepared by the Indenture Trustee and the Attestation Report provided by the Indenture Trustee did not identify any material instance
of noncompliance with the servicing criteria applicable to the Indenture Trustee. The Report on Assessment prepared by the Servicer
and the Attestation Report provided by the Servicer did not identify any material instance of noncompliance with the servicing
criteria applicable to the Servicer.

 Item 1123
of Regulation AB. Servicing Compliance Statement.

 The
Servicer has completed a statement of compliance with its obligations under the applicable servicing agreement (a "Compliance
Statement") signed by an authorized officer of the Servicer. The Compliance Statement is attached as Exhibit 35.1 to this
report on Form 10-K.

 PART
IV

 Item 15.
 Exhibits
 and Financial Statement Schedules.

 (a)
 The
 following documents are filed as part of this report

 (1)
 Not
 applicable.

 (2)
 Not
 applicable.

 (3)
 See
 Item 15(b) below.

 (b)
 Exhibits
 Required by Item 601 of Regulation S-K

 Exhibit
Number

 Description

 1.1

 Underwriting Agreement, dated January 18, 2023, among Mercedes-Benz Retail Receivables LLC, Mercedes-Benz Financial Services USA LLC and MUFG Securities Americas Inc., BofA Securities, Inc. and SG Americas Securities, LLC,, as representatives of the several underwriters named therein (included in Exhibit 1.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on January 20, 2023, which is incorporated herein by reference).

 3.1

 Certificate of Formation of Mercedes-Benz Retail Receivables LLC (included in Exhibit 3.1 to the Registration Statement on Form SF-3 of Mercedes-Benz Retail Receivables LLC, No. 333-266303, as filed with the SEC on July 22, 2022, which is incorporated herein by reference).

 3.2

 Limited Liability Company Agreement of Mercedes-Benz Retail Receivables LLC (included in Exhibit 3.2 to the Form 8 K/A of Mercedes-Benz Auto Receivables Trust 2022-1 (cik: 0001951118), as filed with the SEC on November 18, 2022, which is incorporated herein by reference).

 4.1

 Indenture, dated as of January 1, 2023, between the Issuing Entity and U.S. Bank Trust Company, National Association, as indenture trustee (included in Exhibit 4.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on January 27, 2023, which is incorporated herein by reference).

 4.2

 Amended and Restated Trust Agreement, dated as of January 1, 2023, between Mercedes-Benz Retail Receivables LLC, as depositor, and Wilmington Trust, National Association, as owner trustee (included in Exhibit 4.2 to the Form 8-K of the Issuing Entity, as filed with the SEC on January 27, 2023, which is incorporated herein by reference).

 10.1

 Sale and Servicing Agreement, dated as of January 1, 2023, among the Issuing Entity, Mercedes-Benz Retail Receivables LLC, and Mercedes-Benz Financial Services USA LLC, as seller and as servicer (included in Exhibit 10.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on January 27, 2023, which is incorporated herein by reference).

 10.2

 Receivables Purchase Agreement, dated as of January 1, 2023, between Mercedes-Benz Financial Services USA LLC, as seller, and Mercedes-Benz Retail Receivables LLC, as purchaser (included in Exhibit 10.2 to the Form 8-K of the Issuing Entity, as filed with the SEC on January 27, 2023, which is incorporated herein by reference).

 10.3

 Asset Representations Review Agreement, dated as of January 1, 2023, among the Issuing Entity, Mercedes-Benz Financial Services USA LLC, as administrator and servicer, and Clayton Fixed Income Services LLC, as asset representations reviewer (included in Exhibit 10.3 to the Form 8-K of the Issuing Entity, as filed with the SEC on January 27, 2023, which is incorporated herein by reference).

 10.4

 Administration Agreement, dated as of January 1, 2023, among the Issuing Entity, Mercedes-Benz Retail Receivables LLC, Mercedes-Benz Financial Services USA LLC, as administrator, and U.S. Bank Trust Company, National Association, as indenture trustee (included in Exhibit 10.4 to the Form 8 K of the Issuing Entity, as filed with the SEC on January 27, 2023, which is incorporated herein by reference).

 31.1

 Certification of Mercedes-Benz Financial Services USA LLC, as Servicer, pursuant to Rule 13a-14(d)/15d-14(d) (Section 302 Certification).

 33.1

 Report on Assessment of Compliance with Servicing Criteria for Mercedes-Benz Financial Services USA LLC, as Servicer.

 33.2

 Report on Assessment of Compliance with Applicable Servicing Criteria for U.S. Bank Trust Company, National Association, as Indenture Trustee.

 34.1

 Attestation Report of Grant Thornton LLP on Assessment of Compliance with Servicing Criteria relating to Mercedes-Benz Financial Services USA LLC, as Servicer.

 34.2

 Attestation Report of Ernst & Young LLP on Assessment of Compliance with Applicable Servicing Criteria relating to U.S. Bank Trust Company, National Association, as Indenture Trustee.

 35.1

 Servicer Compliance Statement of Mercedes-Benz Financial Services USA LLC, as Servicer.

 (c)

 Not applicable.

 Item
 16.
 Form
 10–K Summary

 Not
included.

 SUPPLEMENTAL
INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED
SECURITIES PURSUANT TO SECTION 12 OF THE ACT.

 No
annual report to security holders, proxy statement, form of proxy or other proxy soliciting material has been sent to any security
holders or is presently anticipated to be furnished to security holders subsequent to the filing of this annual report on Form 10-K.

 SIGNATURES

 Pursuant
to the requirements of Section 13 or 15(d) 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 2023-1

 (Issuing Entity)

 By:

 Mercedes-Benz Financial Services USA LLC

 (Servicer)

 By: /s/ Christian Rottenkolber

 Name: Christian Rottenkolber

 Title: Vice President and Chief Financial Officer (senior officer in charge of the servicing function for the Servicer)

 Dated:
March 20, 2024

 EXHIBIT

 Exhibit
 Number

 Description

 1.1

 Underwriting Agreement, dated January 18, 2023, among Mercedes-Benz Retail Receivables LLC, Mercedes-Benz Financial Services USA LLC and MUFG Securities Americas Inc., BofA Securities, Inc. and SG Americas Securities, LLC, as representatives of the several underwriters named therein (included in Exhibit 1.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on January 20, 2023, which is incorporated herein by reference).

 3.1

 Certificate of Formation of Mercedes-Benz Retail Receivables LLC (included in Exhibit 3.1 to the Registration Statement on Form SF-3 of Mercedes-Benz Retail Receivables LLC, No. 333-266303, as filed with the SEC on July 22, 2022, which is incorporated herein by reference).

 3.2

 Limited Liability Company Agreement of Mercedes-Benz Retail Receivables LLC (included in Exhibit 3.2 to the Form 8 K/A of the Mercedes-Benz Auto Receivables Trust 2022-1 (cik: 0001951118), as filed with the SEC on November 18, 2022, which is incorporated herein by reference).

 4.1

 Indenture, dated as of January 1, 2023, between the Issuing Entity and U.S. Bank Trust Company, National Association, as indenture trustee (included in Exhibit 4.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on January 27, 2023, which is incorporated herein by reference).

 4.2

 Amended and Restated Trust Agreement, dated as of January 1, 2023, between Mercedes-Benz Retail Receivables LLC, as Depositor, and Wilmington Trust, National Association, as owner trustee (included in Exhibit 4.2 to the Form 8-K of the Issuing Entity, as filed with the SEC on January 27, 2023, which is incorporated herein by reference).

 10.1

 Sale and Servicing Agreement, dated as of January 1, 2023, among the Issuing Entity, Mercedes-Benz Retail Receivables LLC, and Mercedes-Benz Financial Services USA LLC, as seller and as servicer (included in Exhibit 10.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on January 27, 2023, which is incorporated herein by reference).

 10.2

 Receivables Purchase Agreement, dated as of January 1, 2023, between Mercedes-Benz Financial Services USA LLC, as seller, and Mercedes-Benz Retail Receivables LLC, as purchaser (included in Exhibit 10.2 to the Form 8-K of the Issuing Entity, as filed with the SEC on January 27, 2023, which is incorporated herein by reference).

 10.3

 Asset Representations Review Agreement, dated as of January 1, 2023, among the Issuing Entity, Mercedes-Benz Financial Services USA LLC, as administrator and servicer, and Clayton Fixed Income Services LLC, as asset representations reviewer (included in Exhibit 10.3 to the Form 8-K of the Issuing Entity, as filed with the SEC on January 27, 2023, which is incorporated herein by reference).

 10.4

 Administration Agreement, dated as of January 1, 2023, among the Issuing Entity, Mercedes-Benz Retail Receivables LLC, Mercedes-Benz Financial Services USA LLC, as administrator, and U.S. Bank Trust Company, National Association, as indenture trustee (included in Exhibit 10.4 to the Form 8-K of the Issuing Entity, as filed with the SEC on January 27, 2023, which is incorporated herein by reference).

 31.1

 Certification of Mercedes-Benz Financial Services USA LLC, as Servicer, pursuant to Rule 13a-14(d)/15d-14(d) (Section 302 Certification).

 33.1

 Report on Assessment of Compliance with Servicing Criteria for Mercedes-Benz Financial Services USA LLC, as Servicer.

 33.2

 Report on Assessment of Compliance with Applicable Servicing Criteria for U.S. Bank Trust Company, National Association, as Indenture Trustee.

 34.1

 Attestation Report of Grant Thornton LLP on Assessment of Compliance with Servicing Criteria relating to Mercedes-Benz Financial Services USA LLC, as Servicer.

 34.2

 Attestation Report of Ernst & Young LLP on Assessment of Compliance with Applicable Servicing Criteria relating to U.S. Bank Trust Company, National Association, as Indenture Trustee.

 35.1

 Servicer Compliance Statement of Mercedes-Benz Financial Services USA LLC, as Servicer.


ANNUAL REPORT

 UNITED
STATES
 SECURITIES AND EXCHANGE COMMISSION
 WASHINGTON, D.C. 20549

 FORM

 (Mark

 One)

 ANNUAL
 REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For
 the fiscal year ended: December 31, 2023

 OR

 TRANSITION
 REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 For
 the transition period from _________ to _________

 Commission
File Number of Issuing Entity: 333-266303-03
 Commission File Number of Depositor: 333-266303

 Auto Receivables Trust 2023-2

 (Exact
 name of Issuing Entity as specified in its charter)

 Central Index Key number of the Issuing Entity: 0001993977

 Retail Receivables LLC

 (Exact
 name of Depositor as specified in its charter)

 Central Index Key number of the Depositor: 0001463814

 Financial Services USA LLC

 (Exact
 name of Sponsor as specified in its charter)

 Central Index Key number of the Sponsor: 0001540252

 State
 of Delaware

 93-6466167

 (State
 or Other Jurisdiction of Incorporation of issuing entity)

 (I.R.S.
 Employer Identification No.)

 35555
 W. Twelve Mile Rd., Suite 100, Farmington Hills, Michigan

 48331

 (Address
 of Principal Executive Offices of issuing entity)

 (Zip
 Code)

 (248)
 991-6700

 (Telephone
 number, including area code, of issuing entity)

 Securities
registered pursuant to Section 12(b) of the Act: None

 Securities
registered pursuant to Section 12(g) of the Act: None

by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes No

by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes
No

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 No

by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant
to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that
the registrant was required to submit such files). Yes No

by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting
company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer,"
"smaller reporting company" and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):

 Large
 accelerated filer

 Accelerated
 filer

 Non-accelerated
 filer

 Smaller
 reporting company

 Emerging
 growth company

 If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

by check mark whether the registrant has filed a report on and attestation to its management's assessment of the effectiveness
of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered
public accounting firm that prepared or issued its audit report.

 If
securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the
registrant included in the filing reflect the correction of an error to previously issued financial statements.

by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation
received by any of the registrant's executive officers during the relevant recovery period pursuant to §240.10D-1(b).

by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes No

 State
the aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price
at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day
of the registrant's most recently completed second fiscal quarter. Not applicable

 DOCUMENTS
INCORPORATED BY REFERENCE

 List
hereunder the following documents if incorporated by reference and the Part of the Form 10-K ( e.g., Part I, Part II, etc.)
into which the document is incorporated: (1) Any annual report to security holders; (2) Any proxy or information statement; and
(3) Any prospectus filed pursuant to Rule 424(b) or (c) under the Securities Act of 1933. The listed documents should be clearly
described for identification purposes ( e.g., annual report to security holders for the fiscal year ended December 24, 1980).
 None

 PART
I

 Item
 1B.
 Unresolved
 Staff Comments.

 The
following Items have been omitted in accordance with General Instruction J(1) to Form 10-K:

 Item
 1.
 Business.

 Item
 1A.
 Risk
 Factors.

 Item
 1B.
 Cybersecurity.

 Item
 2.
 Properties.

 Item
 3.
 Legal
 Proceedings.

 Item
 4.
 Mine
 Safety Disclosures.

 PART
II

 Item
 9B.
 Other
 Information.

 The
following Items have been omitted in accordance with General Instruction J(1) to Form 10-K:

 Item
 5.
 Market
 for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases
 of Equity Securities.

 Item
 6.
 [Reserved]

 Item
 7.
 Management's
 Discussion and Analysis of Financial Condition and Results of Operations.

 Item
 7A.
 Quantitative
 and Qualitative Disclosures About Market Risk.

 Item
 8.
 Financial
 Statements and Supplementary Data.

 Item
 9.
 Changes
 in and Disagreements with Accountants on Accounting and Financial Disclosure.

 Item
 9A.
 Controls
 and Procedures.

 Item
9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

 PART
III

 The
following Items have been omitted in accordance with General Instruction J(1) to Form 10-K:

 Item
 10.
 Directors,
 Executive Officers and Corporate Governance.

 Item
 11.
 Executive
 Compensation.

 Item
 12.
 Security
 Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

 Item
 13.
 Certain
 Relationships and Related Transactions, and Director Independence.

 Item
 14.
 Principal
 Accountant Fees and Services.

 PURSUANT
TO GENERAL INSTRUCTION J(2) THE FOLLOWING SUBSTITUTE INFORMATION IS BEING PROVIDED IN THIS REPORT ON FORM 10-K:

 Item
1112(b) of Regulation AB. Significant Obligors of Pool Assets – Financial Information.

 Item
1114(b)(2) of Regulation AB. Credit Enhancement and Other Support, Except for Certain Derivatives Instruments – Financial
Information.

 Item
1115(b) of Regulation AB. Certain Derivatives Instruments – Financial Information.

 Item
1117 of Regulation AB. Legal Proceedings.

 There
are no legal proceedings pending, or any proceedings known to be contemplated by governmental authorities, against the
Sponsor, the Depositor, U.S. Bank Trust Company, National Association (the "Indenture Trustee"), Wilmington
Trust, National Association (the "Owner Trustee"), the Issuing Entity, or any property thereof, that are material
to holders of the Asset Backed Notes issued by the Issuing Entity (the "Notes"), except to the extent set forth
below with respect to the Indenture Trustee.

 The
Indenture Trustee has provided the information contained in the following five paragraphs for purposes of compliance with Regulation
AB:

 U.S.
Bank National Association ("U.S. Bank") and other large financial institutions have been sued in their capacity as
trustee or successor trustee for certain residential mortgage backed securities ("RMBS") trusts. The complaints, primarily
filed by investors or investor groups against U.S. Bank and similar institutions, allege the trustees caused losses to investors
as a result of alleged failures by the sponsors, mortgage loan sellers and servicers to comply with the governing agreements for
these RMBS trusts. Plaintiffs generally assert causes of action based upon the trustees' purported failures to enforce repurchase
obligations of mortgage loan sellers for alleged breaches of representations and warranties, notify securityholders of purported
events of default allegedly caused by breaches of servicing standards by mortgage loan servicers and abide by a heightened standard
of care following alleged events of default.

 U.S.
Bank denies liability and believes that it has performed its obligations under the RMBS trusts in good faith, that its actions
were not the cause of losses to investors, that it has meritorious defenses, and it has contested and intends to continue contesting
the plaintiffs' claims vigorously. However, U.S. Bank cannot assure you as to the outcome of any of the litigation, or the
possible impact of these litigations on the trustee or the RMBS trusts.

 On
March 9, 2018, a law firm purporting to represent fifteen Delaware statutory trusts (the "DSTs") that issued securities
backed by student loans (the "Student Loans") filed a lawsuit in the Delaware Court of Chancery against U.S. Bank
National Association ("U.S. Bank") in its capacities as indenture trustee and successor special servicer, and three
other institutions in their respective transaction capacities, with respect to the DSTs and the Student Loans. This lawsuit is
captioned The National Collegiate Student Loan Master Trust I, et al. v. U.S. Bank National Association, et al., C.A. No. 2018-0167-JRS
(Del. Ch.) (the "NCMSLT Action"). The complaint, as amended on June 15, 2018, alleged that the DSTs have been harmed
as a result of purported misconduct or omissions by the defendants concerning administration of the trusts and special servicing
of the Student Loans. Since the filing of the NCMSLT Action, certain Student Loan borrowers have made assertions against U.S.
Bank concerning special servicing that appear to be based on certain allegations made on behalf of the DSTs in the NCMSLT Action.

 U.S.
Bank has filed a motion seeking dismissal of the operative complaint in its entirety with prejudice pursuant to Chancery Court
Rules 12(b)(1) and 12(b)(6) or, in the alternative, a stay of the case while other prior filed disputes involving the DSTs and
the Student Loans are litigated. On November 7, 2018, the Court ruled that the case should be stayed in its entirety pending resolution
of the first-filed cases. On January 21, 2020, the Court entered an order consolidating for pretrial purposes the NCMSLT Action
and three other lawsuits pending in the Delaware Court of Chancery concerning the DSTs and the Student Loans, which remains pending.

 U.S.
Bank denies liability in the NCMSLT Action and believes it has performed its obligations as indenture trustee and special servicer
in good faith and in compliance in all material respects with the terms of the agreements governing the DSTs and that it has meritorious
defenses. It has contested and intends to continue contesting the plaintiffs' claims vigorously.

 Item
1119 of Regulation AB. Affiliations and Certain Relationships and Related Transactions.

 Information
required by Item 1119 of Regulation AB has been omitted from this report on Form 10-K in reliance on the Instruction to Item 1119.

 Item
1122 of Regulation AB. Compliance with Applicable Servicing Criteria.

 Each
of the Sponsor, in its capacity as Servicer, and the Indenture Trustee (together with the Sponsor in its capacity as Servicer,
each, a "Servicing Participant") has been identified by the registrant as a party participating in the servicing function
during the reporting period with respect to the pool assets held by the Issuing Entity. Each Servicing Participant has completed
a report on an assessment of compliance with the servicing criteria applicable to such Servicing Participant (each, a "Report
on Assessment") as of December 31, 2023, and for the reporting period, which Reports on Assessment are attached as Exhibits
33.1 and 33.2 to this report on Form 10-K. In addition, each Servicing Participant has provided an attestation report (each, an
"Attestation Report") by a registered independent public accounting firm on its Report on Assessment. The Attestation
Reports are attached as Exhibits 34.1 and 34.2 to this report on Form 10-K. The Report on Assessment prepared by the Indenture
Trustee and the Attestation Report provided by the Indenture Trustee did not identify any material instance of noncompliance with
the servicing criteria applicable to the Indenture Trustee. The Report on Assessment prepared by the Servicer and the Attestation
Report provided by the Servicer did not identify any material instance of noncompliance with the servicing criteria applicable
to the Servicer.

 Item
1123 of Regulation AB. Servicing Compliance Statement.

 The
Servicer has completed a statement of compliance with its obligations under the applicable servicing agreement (a "Compliance
Statement") signed by an authorized officer of the Servicer. The Compliance Statement is attached as Exhibit 35.1 to this
report on Form 10-K.

 PART
IV

 Item
 15.
 Exhibits
 and Financial Statement Schedules.

 (a)
 The
 following documents are filed as part of this report

 (1)
 Not
 applicable.

 (2)
 Not
 applicable.

 (3)
 See
 Item 15(b) below.

 (b)
 Exhibits
 Required by Item 601 of Regulation S-K

 Exhibit
 Number

 Description

 1.1

 Underwriting
 Agreement, dated October 19, 2023, among Mercedes-Benz Retail Receivables LLC, Mercedes-Benz Financial Services USA LLC and
 BofA Securities, Inc., BNP Paribas Securities Corp. and SMBC Nikko Securities America, Inc.,, as representatives of the several
 underwriters named therein (included in Exhibit 1.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on October
 23, 2023, which is incorporated herein by reference).

 3.1

 Certificate
 of Formation of Mercedes-Benz Retail Receivables LLC (included in Exhibit 3.1 to the Registration Statement on Form SF-3 of
 Mercedes-Benz Retail Receivables LLC, No. 333-266303, as filed with the SEC on July 22, 2022, which is incorporated herein

 3.2

 Limited Liability Company Agreement of Mercedes-Benz Retail Receivables LLC (included in Exhibit 3.2 to
the Form 8 K/A of Mercedes-Benz Auto Receivables Trust 2022-1 (cik: 0001951118), as filed with the SEC on November 18, 2022, which
is incorporated herein by reference).

 4.1

 Indenture,
 dated as of October 1, 2023, between the Issuing Entity and U.S. Bank Trust Company, National Association, as indenture trustee
 (included in Exhibit 4.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on October 26, 2023, which is incorporated
 herein by reference).

 4.2

 Amended
 and Restated Trust Agreement, dated as of October 1, 2023, between Mercedes-Benz Retail Receivables LLC, as depositor, and
 Wilmington Trust, National Association, as owner trustee (included in Exhibit 4.2 to the Form 8-K of the Issuing Entity, as
 filed with the SEC on October 26, 2023, which is incorporated herein by reference).

 10.1

 Sale
 and Servicing Agreement, dated as of October 1, 2023, among the Issuing Entity, Mercedes-Benz Retail Receivables LLC, and
 Mercedes-Benz Financial Services USA LLC, as seller and as servicer (included in Exhibit 10.1 to the Form 8-K of the Issuing
 Entity, as filed with the SEC on October 26, 2023, which is incorporated herein by reference).

 10.2

 Receivables
 Purchase Agreement, dated as of October 1, 2023, between Mercedes-Benz Financial Services USA LLC, as seller, and Mercedes-Benz
 Retail Receivables LLC, as purchaser (included in Exhibit 10.2 to the Form 8-K of the Issuing Entity, as filed with the SEC
 on October 26, 2023, which is incorporated herein by reference).

 10.3

 Asset
 Representations Review Agreement, dated as of October 1, 2023, among the Issuing Entity, Mercedes-Benz Financial Services
 USA LLC, as administrator and servicer, and Clayton Fixed Income Services LLC, as asset representations reviewer (included
 in Exhibit 10.3 to the Form 8-K of the Issuing Entity, as filed with the SEC on October 26, 2023, which is incorporated herein

 10.4

 Administration
 Agreement, dated as of October 1, 2023, among the Issuing Entity, Mercedes-Benz Retail Receivables LLC, Mercedes-Benz
 Financial Services USA LLC, as administrator, and U.S. Bank Trust Company, National Association, as indenture trustee
 (included in Exhibit 10.4 to the Form 8 K of the Issuing Entity, as filed with the SEC on October 26, 2023, which is
 incorporated herein by reference).

 31.1

 Certification
 of Mercedes-Benz Financial Services USA LLC, as Servicer, pursuant to Rule 13a-14(d)/15d-14(d) (Section 302 Certification).

 33.1

 Report
 on Assessment of Compliance with Servicing Criteria for Mercedes-Benz Financial Services USA LLC, as Servicer.

 33.2

 Report
 on Assessment of Compliance with Applicable Servicing Criteria for U.S. Bank Trust Company, National Association, as Indenture
 Trustee.

 34.1

 Attestation
 Report of Grant Thornton LLP on Assessment of Compliance with Servicing Criteria relating to Mercedes-Benz Financial Services
 USA LLC, as Servicer.

 34.2

 Attestation
 Report of Ernst & Young LLP on Assessment of Compliance with Applicable Servicing Criteria relating to U.S. Bank Trust
 Company, National Association, as Indenture Trustee.

 35.1

 Servicer
 Compliance Statement of Mercedes-Benz Financial Services USA LLC, as Servicer.

 (c) Not
applicable.

 Item
 16.
 Form
 10–K Summary

 Not
included.

 SUPPLEMENTAL
INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES
PURSUANT TO SECTION 12 OF THE ACT.

 No
annual report to security holders, proxy statement, form of proxy or other proxy soliciting material has been sent to any security
holders or is presently anticipated to be furnished to security holders subsequent to the filing of this annual report on Form
10-K.

 SIGNATURES

 Pursuant
to the requirements of Section 13 or 15(d) 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.

Auto Receivables Trust 2023-2

 (Issuing
Entity)

 By:
 Financial Services USA LLC

 (Servicer)

 By:
 /s/
Christian Rottenkolber

 Name:
Christian Rottenkolber

 Title:
Vice President and Chief Financial Officer (senior officer in charge of the servicing function for the Servicer)

 Dated:
March 20, 2024

 EXHIBIT

 Exhibit
 Number

 Description

 1.1

 Underwriting
 Agreement, dated October 19, 2023, among Mercedes-Benz Retail Receivables LLC, Mercedes-Benz Financial Services USA LLC and
 BofA Securities, Inc., BNP Paribas Securities Corp. and SMBC Nikko Securities America, Inc.,, as representatives of the several
 underwriters named therein (included in Exhibit 1.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on October
 23, 2023, which is incorporated herein by reference).

 3.1

 Certificate
 of Formation of Mercedes-Benz Retail Receivables LLC (included in Exhibit 3.1 to the Registration Statement on Form SF-3 of
 Mercedes-Benz Retail Receivables LLC, No. 333-266303, as filed with the SEC on July 22, 2022, which is incorporated herein

 3.2

 Limited
 Liability Company Agreement of Mercedes-Benz Retail Receivables LLC (included in Exhibit 3.2 to the Form 8 K/A of the Mercedes-Benz
 Auto Receivables Trust 2022-1 (cik: 0001951118), as filed with the SEC on November 18, 2022, which is incorporated herein

 4.1

 Indenture,
 dated as of October 1, 2023, between the Issuing Entity and U.S. Bank Trust Company, National Association, as indenture trustee
 (included in Exhibit 4.1 to the Form 8-K of the Issuing Entity, as filed with the SEC on October 26, 2023, which is incorporated
 herein by reference).

 4.2

 Amended
 and Restated Trust Agreement, dated as of October 1, 2023, between Mercedes-Benz Retail Receivables LLC, as Depositor, and
 Wilmington Trust, National Association, as owner trustee (included in Exhibit 4.2 to the Form 8-K of the Issuing Entity, as
 filed with the SEC on October 26, 2023, which is incorporated herein by reference).

 10.1

 Sale
 and Servicing Agreement, dated as of October 1, 2023, among the Issuing Entity, Mercedes-Benz Retail Receivables LLC, and
 Mercedes-Benz Financial Services USA LLC, as seller and as servicer (included in Exhibit 10.1 to the Form 8-K of the Issuing
 Entity, as filed with the SEC on October 26, 2023, which is incorporated herein by reference).

 10.2

 Receivables
 Purchase Agreement, dated as of October 1, 2023, between Mercedes-Benz Financial Services USA LLC, as seller, and Mercedes-Benz
 Retail Receivables LLC, as purchaser (included in Exhibit 10.2 to the Form 8-K of the Issuing Entity, as filed with the SEC
 on October 26, 2023, which is incorporated herein by reference).

 10.3

 Asset
 Representations Review Agreement, dated as of October 1, 2023, among the Issuing Entity, Mercedes-Benz Financial Services
 USA LLC, as administrator and servicer, and Clayton Fixed Income Services LLC, as asset representations reviewer (included
 in Exhibit 10.3 to the Form 8-K of the Issuing Entity, as filed with the SEC on October 26, 2023, which is incorporated herein

 10.4

 Administration
 Agreement, dated as of October 1, 2023, among the Issuing Entity, Mercedes-Benz Retail Receivables LLC, Mercedes-Benz Financial
 Services USA LLC, as administrator, and U.S. Bank Trust Company, National Association, as indenture trustee (included in Exhibit
 10.4 to the Form 8-K of the Issuing Entity, as filed with the SEC on October 26, 2023, which is incorporated herein by reference).

 31.1

 Certification
 of Mercedes-Benz Financial Services USA LLC, as Servicer, pursuant to Rule 13a-14(d)/15d-14(d) (Section 302 Certification).

 33.1

 Report
 on Assessment of Compliance with Servicing Criteria for Mercedes-Benz Financial Services USA LLC, as Servicer.

 33.2

 Report
 on Assessment of Compliance with Applicable Servicing Criteria for U.S. Bank Trust Company, National Association, as Indenture
 Trustee.

 34.1

 Attestation
 Report of Grant Thornton LLP on Assessment of Compliance with Servicing Criteria relating to Mercedes-Benz Financial Services
 USA LLC, as Servicer.

 34.2

 Attestation
 Report of Ernst & Young LLP on Assessment of Compliance with Applicable Servicing Criteria relating to U.S. Bank Trust
 Company, National Association, as Indenture Trustee.

 35.1

 Servicer
 Compliance Statement of Mercedes-Benz Financial Services USA LLC, as Servicer.