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, 2024

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 the issuing entity: 333-191331-10

Index Key Number of the issuing entity: 0001652672

 GS
Mortgage Securities Trust 2015-GC34

name of the issuing entity as specified in its charter)

Index Key Number of the depositor: 0001004158

 GS
Mortgage Securities Corporation II

name of the depositor as specified in its charter)

Index Key Number of the sponsor: 0001541502

 Goldman
Sachs Mortgage Company

Index Key Number of the sponsor: 0001541001

 Citigroup
Global Markets Realty Corp.

Index Key Number of the sponsor: 0001576832

 MC-Five
Mile Commercial Mortgage Finance LLC

Index Key Number of the sponsor: 0001682511

 Starwood
Mortgage Funding I LLC

Index Key Number of the sponsor: 0001558761

 Cantor
Commercial Real Estate Lending, L.P.

 New
York
 (State or other jurisdiction of
 incorporation or organization of

 the
issuing entity)

 38-3982901

 38-3982902

 (I.R.S.
Employer

 Identification
Numbers)

 c/o
U.S. Bank Trust Company, National Association

 as
Certificate Administrator

S. LaSalle Street

 Chicago,
IL

 (Address
of principal executive offices of the issuing entity)

 60603

 (Zip
Code)

 Registrant's
telephone number, including area code:

 (212)
902-1000

 Securities
registered pursuant to Section 12(b) of the Act:

 Title
 of each class

 Trading
 Symbol(s)

 Name
 of each exchange on which registered

 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 (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that
the registrant was required to submit such files).

 Not

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.

 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

by check mark whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the
Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court. Yes No

 Not

the number of shares outstanding of each of the registrant's classes of common stock, as of the latest practicable date.

 Not

 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 fiscal year ended December 24, 1980).

 Not

 EXPLANATORY
NOTES

 The
750 Lexington Avenue Mortgage Loan and the DoubleTree Hotel Universal Mortgage Loan, which constituted approximately 10.0% and
2.2%, respectively, of the asset pool of the issuing entity as of its cut-off date, are each an asset of the issuing entity and
are each part of a loan combination that includes the 750 Lexington Avenue Mortgage Loan or the DoubleTree Hotel Universal Mortgage
Loan and one other pari passu loan, which is not an asset of the issuing entity. These loan combinations, including the
750 Lexington Avenue Mortgage Loan and the DoubleTree Hotel Universal Mortgage Loan, are being serviced and administered pursuant
to the Pooling and Servicing Agreement, which is incorporated by reference as Exhibit 4.1 to this Annual Report on Form 10-K.

 The
Exhibit Index describes exhibits provided by certain parties (in their capacities indicated on the Exhibit Index) with respect
to the Illinois Center Mortgage Loan and the Hammons Hotel Portfolio Mortgage Loan, which constituted approximately 11.8% and
8.5%, respectively, of the asset pool of the issuing entity as of its cut-off date. The Illinois Center Mortgage Loan and
the Hammons Hotel Portfolio Mortgage Loan are each an asset of the issuing entity and are each part of a loan combination that
includes (a) with respect to the Illinois Center Mortgage Loan, two other pari passu loans, which are not assets of the
issuing entity or (b) with respect to the Hammons Hotel Portfolio Mortgage Loan, three other pari passu loans, which are
not assets of the issuing entity. A pari passu portion of each loan combination was securitized in the Citigroup Commercial
Mortgage Trust 2015-GC33 transaction, Commission File Number 333-189017-11 (the " CGCMT 2015-GC33 Transaction ").
These loan combinations, including the Illinois Center Mortgage Loan and the Hammons Hotel Portfolio Mortgage Loan, are being
serviced and administered pursuant to the pooling and servicing agreement for the CGCMT 2015-GC33 Transaction, which is incorporated
by reference as Exhibit 4.2 to this Annual Report on Form 10-K.

 The
master servicer of a pooling and servicing agreement or trust and servicing agreement also functions as the primary servicer of
the related mortgage loans serviced and administered pursuant to such agreement unless a separate primary servicer is identified
herein. If this report does not identify a separate primary servicer, the servicer compliance statement provided by the master
servicer under any such agreement also encompasses its responsibilities as primary servicer of the related mortgage loan or mortgage
loans.

 Wells
Fargo Bank, National Association is the master servicer of the mortgage loans serviced under the Pooling and Servicing Agreement
and the primary servicer of the Illinois Center Mortgage Loan and the Hammons Hotel Portfolio Mortgage Loan. As a result, Wells
Fargo Bank, National Association is a "servicer" as defined in Item 1108(a)(2)(iii) of Regulation AB, in the capacities
described above, because it is servicing mortgage loans that constituted 10% or more of the assets of the issuing entity as of
its cut-off date. The assessments of compliance with applicable servicing criteria, accountants' attestation reports and
servicer compliance statements delivered by Wells Fargo Bank, National Association in the capacities described above are listed
in the Exhibit Index.

 LNR
Partners, LLC is the special servicer of the mortgage loans serviced under the Pooling and Servicing Agreement, the Illinois Center
Mortgage Loan and the Hammons Hotel Portfolio Mortgage Loan. As a result, LNR Partners, LLC is a "servicer" as defined
in Item 1108(a)(2)(iii) of Regulation AB, in the capacities described above, because it is servicing mortgage loans that constituted
10% or more of the assets of the issuing entity as of its cut-off date. The assessments of compliance with applicable servicing
criteria, accountants' attestation reports and servicer compliance statements delivered by LNR Partners, LLC in the capacities
described above are listed in the Exhibit Index.

 Berkeley
Point Capital LLC d/b/a Newmark is an affiliate of Cantor Commercial Real Estate Lending L.P., one of the sponsors. Therefore,
the Depositor included in this Annual Report on Form 10-K a servicer compliance statement for Berkeley Point Capital LLC d/b/a
Newmark pursuant to Item 1123. Because Berkeley Point Capital LLC d/b/a Newmark is servicing less than 5% of the pool assets,
an assessment of compliance with applicable servicing criteria and an accountants' attestation report pursuant to Item 1122
of Regulation AB are not required by Regulation AB. As the attestation made in the servicer compliance statement required
by Item 1123 relates to a review of the servicing activities of Berkeley Point Capital LLC d/b/a Newmark under the applicable
servicing agreement, and that review was conducted in conjunction with the servicer's preparation of its assessment of compliance
with applicable servicing criteria, that assessment of compliance with applicable servicing criteria and the accompanying accountants'
attestation report are included in this Annual Report on Form 10-K for the sake of completeness.

 This
Annual Report on Form 10-K includes assessments of compliance with applicable servicing criteria and accountants' attestation
reports from CoreLogic Solutions, LLC. This entity was engaged by the master servicer under the Pooling and Servicing Agreement
(except with respect to those mortgage loans for which Berkeley Point Capital LLC d/b/a Newmark is the primary servicer) and the
primary servicer of the Illinois Center Mortgage Loan and the Hammons Hotel Portfolio Mortgage Loan to remit tax payments received
from the escrow accounts of borrowers to local taxing authorities, to report tax amounts due, to verify tax parcel information,
and to verify non-escrow tax payments. These servicing functions are included within the servicing criteria set forth in Item
1122(d)(4)(xi) of Regulation AB. Therefore, under the principles-based definition of "servicer" set forth in
Item 1101(j) of Regulation AB that looks to the functions that an entity performs, this vendor is a "servicer" for
the purposes of Item 1122 of Regulation AB. See Compliance and Disclosure Interpretations, Section 301.01 (Item 1101(j)).

 The
assessments of compliance with applicable servicing criteria, accountants' attestation reports and servicer compliance statements
of the certificate administrator of the Illinois Center Mortgage Loan and the Hammons Hotel Portfolio Mortgage Loan are omitted
from this Annual Report on Form 10-K as the certificate administrator pursuant to the related pooling and servicing agreement
or trust and servicing agreement does not perform any activities that address servicing criteria with respect to the issuing entity
and because they are each not a "servicer" that meets the criteria in Item 1108(a)(2)(i) through (iii) of Regulation
AB.

 PART
I

 Item
1. Business.

 Item
1A. Risk Factors.

 Item
1B. Unresolved Staff Comments.

 None.

 Item
1C. Cybersecurity.

 Item
2. Properties.

 Item
3. Legal Proceedings.

 Item
4. Mine Safety Disclosures.

 Not

 PART
II

 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
9B. Other Information.

 None.

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

 None.

 PART
III

 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.

 ADDITIONAL
DISCLOSURE ITEMS FOR REGULATION AB

 Item
1112(b) of Regulation AB, Significant Obligor Financial Information.

 The
Illinois Center Mortgage Loan (Control Number 1 on Annex A of the prospectus supplement of the registrant relating to the issuing
entity filed on October 23, 2015 pursuant to Rule 424(b)(5)) constitutes a significant obligor within the meaning of Item 1101(k)(2)
of Regulation AB as disclosed in the prospectus supplement. In accordance with Item 1112(b) of Regulation AB, the most recent
unaudited net operating income of the significant obligor was $10,496,307.00 for the twelve- month period ended December 31, 2024.

 Item
1114(b)(2) of Regulation AB, Significant Enhancement Provider Financial Information.

 No
entity or group of affiliated entities provides any external credit enhancement or other support for the certificates within this
transaction as described under Item 1114(a) of Regulation AB.

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

 No
entity or group of affiliated entities provides any derivative instruments or other support for the certificates within this transaction
as described under Item 1115 of Regulation AB.

 Item
1117 of Regulation AB, Legal Proceedings.

 The
registrant knows of no material pending legal proceeding involving the trust or any party related to the trust, other than routine
litigation incidental to the duties of those respective parties, and the following, with respect to U.S. Bank Trust Company, National
Association, as certificate administrator and trustee, U.S. Bank National Association, as custodian, and Deutsche Bank Trust Company
Americas, as trustee and custodian.

 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.

 In
2014 and 2015, several investors sued several trustees of residential mortgage-backed securities ("RMBS") trusts,
including Deutsche Bank Trust Company Americas ("DBTCA"), concerning the trustees' administration of RMBS trusts.
These cases generally alleged that the RMBS trustees failed to perform purported duties, as trustees for private-label RMBS trusts,
to enforce breaches of representations and warranties as to mortgage loans held by the trusts and to enforce breaches by servicers
of their mortgage loan servicing obligations for the trusts. Investors have sued DBTCA in six of these cases. DBTCA has settled
two cases brought by funds managed by Blackrock Advisors, LLC, PIMCO-Advisors, L.P. and others; and obtained summary judgment
in one case, brought by certain special purpose entities including Phoenix Light SF Limited. In addition, the two cases described
below remain active.

 On
November 30, 2017, DBTCA was added as a defendant to a case brought by Commerzbank AG ("Commerzbank") in the U.S.
District Court for the Southern District of New York, in which Commerzbank previously alleged incorrectly that Deutsche Bank National
Trust Company ("DBNTC") served as trustee for all 50 of the trusts at issue. On November 30, 2017, Commerzbank filed
a second amended complaint that names DBTCA as a defendant in addition to DBNTC. DBTCA serves as trustee for 1 of the 50 trusts
at issue. DBNTC serves as trustee for the other 49 trusts at issue. Commerzbank's second amended complaint brings claims
for violation of the U.S. Trust Indenture Act of 1939 ("TIA"); breach of contract; breach of fiduciary duty; negligence;
violation of the New York Streit Act ("Streit Act"); and breach of the covenant of good faith. However, in the second
amended complaint, Commerzbank acknowledges that, before DBTCA was added to the case, the court dismissed Commerzbank's
TIA claims for the trusts governed by pooling and servicing agreements, as well as its Streit Act claims and claims for breach
of the covenant of good faith, and Commerzbank only includes these claims to preserve any rights on appeal. The second amended
complaint alleges that DBNTC and DBTCA caused Commerzbank to suffer "hundreds of millions of dollars in losses," but
the complaint does not include a demand for money damages in a sum certain. On January 29, 2018, DBNTC and DBTCA filed an answer
to the second amended complaint. On December 7, 2018, DBNTC and DBTCA filed a motion for summary judgment. Also on December 7,
2018, Commerzbank, jointly with the Phoenix Light plaintiffs, filed a motion for partial summary judgment. On February 8, 2022,
the court issued an order in which it granted in part DBNTC and DBTCA's motion for summary judgment and denied plaintiffs'
motion for partial summary judgment. As a result of that order, many of plaintiffs' claims and theories were dismissed with
prejudice. On September 26, 2024, DBNTC and DBTCA filed a motion for summary judgment, which has been fully briefed.

 On
December 30, 2015, IKB International, S.A. in Liquidation and IKB Deutsche Industriebank A.G. (collectively, "IKB"),
as an investor in 37 RMBS trusts, filed a summons with notice in the Supreme Court of the State of New York, New York County,
against DBNTC and DBTCA as trustees of the trusts. On May 27, 2016, IKB served its complaint asserting claims for breach of contract,
breach of fiduciary duty, breach of duty to avoid conflicts of interest, violation of the Streit Act, violation of the TIA, violation
of Regulation AB, and violation of Section 9 of the Uniform Commercial Code. IKB alleges that DBNTC and DBTCA are liable for over
U.S. $268 million in damages. On October 5, 2016, DBNTC and DBTCA, together with several other trustees defending lawsuits by
IKB, filed a joint motion to dismiss. On January 6, 2017, IKB filed a notice of discontinuance, voluntarily dismissing with prejudice
all claims as to three trusts. On June 20, 2017, the parties filed a stipulation, voluntarily dismissing with prejudice all claims
as to four additional trusts. On January 27, 2021, the court granted in part and denied in part DBNTC and DBTCA's motion
to dismiss. The court granted the motion to dismiss with respect to IKB's claims for violations of the Streit Act, Regulation
AB, and Section 9 of the Uniform Commercial Code, as well as certain aspects of IKB's claims for breach of contract, breach
of fiduciary duty, and violation of the TIA. The court denied the remainder of the motion to dismiss. IKB's remaining claims
for breach of contract, breach of fiduciary duty, breach of duty to avoid conflicts of interest, and violation of the TIA will
proceed. On May 10, 2021, DBNTC and DBTCA filed a notice of appeal with the New York Supreme Court Appellate Division, First Department,
regarding certain aspects of the court's order on the motion to dismiss. On May 20, 2021, IKB filed a notice of cross appeal
with respect to other aspects of that order. On August 30, 2022, the New York Supreme Court, Appellate Division, First Department
affirmed in part and reversed in part the court's order on the motion to dismiss. After DBNTC and DBTCA appealed the First
Department's decision, on June 15, 2023, the New York Court of Appeals reversed the First Department's decision in
part, dismissing certain additional contract claims, as well as IKB's claims for breach of fiduciary duty and breach of
duty to avoid conflicts of interest. On June 2, 2021, IKB filed a motion for re-argument regarding certain aspects of the court's
order on the motion to dismiss, which the court denied on August 3, 2021. On May 13, 2021, DBNTC and DBTCA filed an answer to
the complaint. On October 28, 2021, the parties filed a stipulation, voluntarily dismissing with prejudice all claims as to seven
additional trusts. On December 29, 2021, the parties filed a stipulation, voluntarily dismissing with prejudice all claims as
to one additional trust. On April 22, 2022, the parties filed a stipulation, voluntarily dismissing with prejudice all claims
as to 17 certificates at issue, including all claims as to 5 trusts. On February 28, 2023, the parties filed a stipulation, voluntarily
dismissing with prejudice all claims as to two trusts, leaving 15 trusts at issue. On November 21, 2023, the parties filed a stipulation,
voluntarily dismissing with prejudice all claims as to three trusts, leaving 12 trusts at issue. On November 14, 2024, DBNTC and
DBTCA filed a motion for summary judgment. Also on November 14, 2024, IKB filed a motion for partial summary judgment. Those motions
are being briefed.

 It
is DBTCA's belief that it has no pending legal proceedings (including, based on DBTCA's current evaluation, the litigation
disclosed in the foregoing paragraphs) that would materially affect its ability to perform its duties under the related servicing
agreement for this transaction.

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

 The
information regarding this Item has been previously provided in a prospectus supplement of the Registrant relating to the issuing
entity filed on October 23, 2015 pursuant to Rule 424(b)(5).

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

 The
reports on assessments of compliance with the servicing criteria for asset-backed securities and related attestation reports on
such assessments of compliance with respect to the mortgage loans are attached hereto under Item 15 to this Annual Report on Form
10-K. Attached as Exhibit O to the Pooling and Servicing Agreement incorporated by reference as Exhibit 4.1 to this Annual Report
on Form 10-K is a chart identifying the entities participating in a servicing function for the transaction responsible for each
applicable servicing criteria set forth in Item 1122(d).

 The
reports on assessments of compliance with the servicing criteria for asset-backed securities and related attestation reports on
such assessments of compliance with respect to the Illinois Center Mortgage Loan and the Hammons Hotel Portfolio Mortgage Loan,
which are being serviced and administered pursuant to the pooling and servicing agreement for the CGCMT 2015-GC33 Transaction,
are attached hereto under Item 15 to this Annual Report on Form 10-K. Attached as Exhibit O to the pooling and servicing agreement
for the CGCMT 2015-GC33 Transaction incorporated by reference as Exhibit 4.2 to this Annual Report on Form 10-K is a chart identifying
the entities participating in a servicing function for the CGCMT 2015-GC33 Transaction responsible for each applicable servicing
criteria set forth in Item 1122(d).

 Item
1123 of Regulation AB, Servicer Compliance Statement.

 The
servicer compliance statements are attached as Exhibits to this Annual Report on Form 10-K.

 PART
IV

 Item
15. Exhibits and Financial Statement Schedules

 (a)
The following is a list of documents filed as part of this Annual Report on Form 10-K:

 (1)
Not applicable

 (2)
Not applicable

 (3)
See below

 4.1
 Pooling
 and Servicing Agreement, dated as of October 1, 2015, by and among GS Mortgage Securities
 Corporation II, as Depositor, Wells Fargo Bank, National Association, as Master Servicer,
 Midland Loan Services, a Division of PNC Bank, National Association, as Special Servicer,
 Pentalpha Surveillance LLC, as Operating Advisor, U.S. Bank National Association, as
 Certificate Administrator and U.S. Bank National Association, as Trustee (filed as Exhibit
 4.1 to the registrant's Current Report on Form 8-K filed on October 23, 2015 under
 Commission File No. 333-191331-10 and incorporated by reference herein).

 4.2
 Pooling
 and Servicing Agreement, dated as of September 1, 2015, by and among Citigroup Commercial
 Mortgage Securities Inc., as Depositor, Wells Fargo Bank, National Association, as Master
 Servicer, LNR Partners, LLC, as Special Servicer, Situs Holdings, LLC, as Operating Advisor,
 Citibank, N.A., as Certificate Administrator and Deutsche Bank Trust Company Americas,
 as Trustee (filed as Exhibit 4.2 to the registrant's Current Report on Form 8-K
 filed on October 23, 2015 under Commission File No. 333-191331-10 and incorporated by
 reference herein).

 4.3
 Co-Lender
 Agreement, dated as of September 1, 2015, by and between Citigroup Global Markets Realty
 Corp., as Initial Note A-1 Holder, Citigroup Global Markets Realty Corp., as Initial
 Note A-2 Holder, and Citigroup Global Markets Realty Corp., as Initial Note A-3 Holder
 (filed as Exhibit 4.3 to the registrant's Current Report on Form 8-K filed on October
 23, 2015 under Commission File No. 333-191331-10 and incorporated by reference herein).

 4.4
 Co-Lender
 Agreement, dated as of October 1, 2015, by and between Citigroup Global Markets Realty
 Corp., as Initial Note A-1 Holder, and Citigroup Global Markets Realty Corp., as Initial
 Note A-2 Holder (filed as Exhibit 4.4 to the registrant's Current Report on Form
 8-K filed on October 23, 2015 under Commission File No. 333-191331-10 and incorporated
 by reference herein).

 4.5
 Co-Lender
 Agreement, dated as of September 1, 2015, by and between Goldman Sachs Mortgage Company,
 as Initial Note A-1 Holder, Goldman Sachs Mortgage Company, as Initial Note A-2 Holder,
 Goldman Sachs Mortgage Company, as Initial Note A-3 Holder, and Goldman Sachs Mortgage
 Company, as Initial Note A-4 Holder (filed as Exhibit 4.5 to the registrant's Current
 Report on Form 8-K filed on October 23, 2015 under Commission File No. 333-191331-10
 and incorporated by reference herein).

 4.6
 Co-Lender
 Agreement, dated as of October 1, 2015, by and between Goldman Sachs Mortgage Company,
 as Initial Note A-1 Holder, and Goldman Sachs Mortgage Company, as Initial Note A-2 Holder
 (filed as Exhibit 4.6 to the registrant's Current Report on Form 8-K filed on October
 23, 2015 under Commission File No. 333-191331-10 and incorporated by reference herein).

 10.1
 Loan Purchase Agreement, dated as of October 1, 2015, between GS Mortgage Securities
 Corporation II and Goldman Sachs Mortgage Company (filed as Exhibit 10.1 to the registrant's
 Current Report on Form 8-K filed on October 23, 2015 under Commission File No. 333-191331-10
 and incorporated by reference herein).

 10.2
 Loan Purchase Agreement, dated as of October 1, 2015, between GS Mortgage Securities
 Corporation II and Citigroup Global Markets Realty Corp. (filed as Exhibit 10.2 to the
 registrant's Current Report on Form 8-K filed on October 23, 2015 under Commission
 File No. 333-191331-10 and incorporated by reference herein).

 10.3
 Loan Purchase Agreement, dated as of October 1, 2015, between GS Mortgage Securities
 Corporation II and MC-Five Mile Commercial Mortgage Finance LLC (filed as Exhibit 10.5
 to the registrant's Current Report on Form 8-K filed on October 23, 2015 under
 Commission File No. 333-191331-10 and incorporated by reference herein).

 10.4
 Loan Purchase Agreement, dated as of October 1, 2015, between GS Mortgage Securities
 Corporation II and Starwood Mortgage Funding I LLC (filed as Exhibit 10.3 to the registrant's
 Current Report on Form 8-K filed on October 23, 2015 under Commission File No. 333-191331-10
 and incorporated by reference herein).

 10.5
 Loan Purchase Agreement, dated as of October 1, 2015, between GS Mortgage Securities
 Corporation II and Cantor Commercial Real Estate Lending, L.P. (filed as Exhibit 10.4
 to the registrant's Current Report on Form 8-K filed on October 23, 2015 under
 Commission File No. 333-191331-10 and incorporated by reference herein).

 10.6
 Primary
 Servicing Agreement, dated as of October 1, 2015, by and between Wells Fargo Bank, National
 Association, as Master Servicer, and Berkeley Point Capital LLC, as Primary Servicer
 (filed as Exhibit 10.6 to the registrant's Current Report on Form 8-K filed on
 October 23, 2015 under Commission File No. 333-191331-10 and incorporated by reference
 herein).

 Rule 13a-14(d)/15d-14(d) Certifications.

 Reports
 on assessment of compliance with servicing criteria for asset-backed securities.

 33.1
 Wells Fargo Bank, National Association, as Master Servicer

 33.2
 LNR Partners, LLC, as Special Servicer

 33.3
 U.S. Bank Trust Company, National Association, as Trustee and Certificate Administrator

 33.4
 U.S. Bank National Association, as Custodian (see Exhibit 33.3)

 33.5
 Pentalpha Surveillance LLC, as Operating Advisor

 33.6
 CoreLogic Solutions, LLC, as Servicing Function Participant

 33.7
 Berkeley Point Capital LLC d/b/a Newmark, as Primary Servicer

 33.8
 Wells Fargo Bank, National Association, as Primary Servicer of the 750 Lexington Avenue Mortgage Loan (see Exhibit 33.1)

 33.9
 LNR Partners, LLC, as Special Servicer of the 750 Lexington Avenue Mortgage Loan (see Exhibit 33.2)

 33.10
 U.S. Bank Trust Company, National Association, as Trustee of the 750 Lexington Avenue Mortgage Loan (see Exhibit 33.3)

 33.11
 U.S. Bank National Association, as Custodian of the 750 Lexington Avenue Mortgage Loan (see Exhibit 33.3)

 33.12
 Pentalpha Surveillance LLC, as Operating Advisor of the 750 Lexington Avenue Mortgage Loan (see Exhibit 33.5)

 33.13
 CoreLogic Solutions, LLC, as Servicing Function Participant of the 750 Lexington Avenue Mortgage Loan (see Exhibit 33.6)

 33.14
 Wells Fargo Bank, National Association, as Primary Servicer of the DoubleTree Hotel Universal Mortgage Loan (see Exhibit 33.1)

 33.15
 LNR Partners, LLC, as Special Servicer of the DoubleTree Hotel Universal Mortgage Loan (see Exhibit 33.2)

 33.16
 U.S. Bank Trust Company, National Association, as Trustee of the DoubleTree Hotel Universal Mortgage Loan (see Exhibit 33.3)

 33.17
 U.S. Bank National Association, as Custodian of the DoubleTree Hotel Universal Mortgage Loan (see Exhibit 33.3)

 33.18
 Pentalpha Surveillance LLC, as Operating Advisor of the DoubleTree Hotel Universal Mortgage Loan (see Exhibit 33.5)

 33.19
 CoreLogic Solutions, LLC, as Servicing Function Participant of the DoubleTree Hotel Universal Mortgage Loan (see Exhibit 33.6)

 33.20
 Wells Fargo Bank, National Association, as Primary Servicer of the Illinois Center Mortgage Loan (see Exhibit 33.1)

 33.21
 LNR Partners, LLC, as Special Servicer of the Illinois Center Mortgage Loan (see Exhibit 33.2)

 33.22
 Deutsche Bank Trust Company Americas, as Trustee and Custodian of the Illinois Center Mortgage Loan

 33.23
 Situs Holdings, LLC, as Operating Advisor of the Illinois Center Mortgage Loan

 33.24
 CoreLogic Solutions, LLC, as Servicing Function Participant of the Illinois Center Mortgage Loan (see Exhibit 33.6)

 33.25
 Wells Fargo Bank, National Association, as Primary Servicer of the Hammons Hotel Portfolio Mortgage Loan (see Exhibit 33.1)

 33.26
 LNR Partners, LLC, as Special Servicer of the Hammons Hotel Portfolio Mortgage Loan (see Exhibit 33.2)

 33.27
 Deutsche Bank Trust Company Americas, as Trustee and Custodian of the Hammons Hotel Portfolio Mortgage Loan (see Exhibit 33.22)

 33.28
 Situs Holdings, LLC, as Operating Advisor of the Hammons Hotel Portfolio Mortgage Loan (see Exhibit 33.23)

 33.29
 CoreLogic Solutions, LLC, as Servicing Function Participant of the Hammons Hotel Portfolio Mortgage Loan (see Exhibit 33.6)

 Attestation
 reports on assessment of compliance with servicing criteria for asset-backed securities.

 34.1
 Wells Fargo Bank, National Association, as Master Servicer

 34.2
 LNR Partners, LLC, as Special Servicer

 34.3
 U.S. Bank Trust Company, National Association, as Trustee and Certificate Administrator

 34.4
 U.S. Bank National Association, as Custodian (see Exhibit 34.3)

 34.5
 Pentalpha Surveillance LLC, as Operating Advisor

 34.6
 CoreLogic Solutions, LLC, as Servicing Function Participant

 34.7
 Berkeley Point Capital LLC d/b/a Newmark, as Primary Servicer

 34.8
 Wells Fargo Bank, National Association, as Primary Servicer of the 750 Lexington Avenue Mortgage Loan (see Exhibit 34.1)

 34.9
 LNR Partners, LLC, as Special Servicer of the 750 Lexington Avenue Mortgage Loan (see Exhibit 34.2)

 34.10
 U.S. Bank Trust Company, National Association, as Trustee of the 750 Lexington Avenue Mortgage Loan (see Exhibit 34.3)

 34.11
 U.S. Bank National Association, as Custodian of the 750 Lexington Avenue Mortgage Loan (see Exhibit 34.3)

 34.12
 Pentalpha Surveillance LLC, as Operating Advisor of the 750 Lexington Avenue Mortgage Loan (see Exhibit 34.5)

 34.13
 CoreLogic Solutions, LLC, as Servicing Function Participant of the 750 Lexington Avenue Mortgage Loan (see Exhibit 34.6)

 34.14
 Wells Fargo Bank, National Association, as Primary Servicer of the DoubleTree Hotel Universal Mortgage Loan (see Exhibit 34.1)

 34.15
 LNR Partners, LLC, as Special Servicer of the DoubleTree Hotel Universal Mortgage Loan (see Exhibit 34.2)

 34.16
 U.S. Bank Trust Company, National Association, as Trustee of the DoubleTree Hotel Universal Mortgage Loan (see Exhibit 34.3)

 34.17
 U.S. Bank National Association, as Custodian of the DoubleTree Hotel Universal Mortgage Loan (see Exhibit 34.3)

 34.18
 Pentalpha Surveillance LLC, as Operating Advisor of the DoubleTree Hotel Universal Mortgage Loan (see Exhibit 34.5)

 34.19
 CoreLogic Solutions, LLC, as Servicing Function Participant of the DoubleTree Hotel Universal Mortgage Loan (see Exhibit 34.6)

 34.20
 Wells Fargo Bank, National Association, as Primary Servicer of the Illinois Center Mortgage Loan (see Exhibit 34.1)

 34.21
 LNR Partners, LLC, as Special Servicer of the Illinois Center Mortgage Loan (see Exhibit 34.2)

 34.22
 Deutsche Bank Trust Company Americas, as Trustee and Custodian of the Illinois Center Mortgage Loan

 34.23
 Situs Holdings, LLC, as Operating Advisor of the Illinois Center Mortgage Loan

 34.24
 CoreLogic Solutions, LLC, as Servicing Function Participant of the Illinois Center Mortgage Loan (see Exhibit 34.6)

 34.25
 Wells Fargo Bank, National Association, as Primary Servicer of the Hammons Hotel Portfolio Mortgage Loan (see Exhibit 34.1)

 34.26
 LNR Partners, LLC, as Special Servicer of the Hammons Hotel Portfolio Mortgage Loan (see Exhibit 34.2)

 34.27
 Deutsche Bank Trust Company Americas, as Trustee and Custodian of the Hammons Hotel Portfolio Mortgage Loan (see Exhibit 34.22)

 34.28
 Situs Holdings, LLC, as Operating Advisor of the Hammons Hotel Portfolio Mortgage Loan (see Exhibit 34.23)

 34.29
 CoreLogic Solutions, LLC, as Servicing Function Participant of the Hammons Hotel Portfolio Mortgage Loan (see Exhibit 34.6)

 Servicer
 compliance statements.

 35.1
 Wells Fargo Bank, National Association, as Master Servicer

 35.2
 LNR Partners, LLC, as Special Servicer

 35.3
 U.S. Bank Trust Company, National Association, as Certificate Administrator

 35.4
 Berkeley Point Capital LLC d/b/a Newmark, as Primary Servicer

 35.5
 Wells Fargo Bank, National Association, as Primary Servicer of the 750 Lexington Avenue Mortgage Loan (see Exhibit 35.1)

 35.6
 LNR Partners, LLC, as Special Servicer of the 750 Lexington Avenue Mortgage Loan (see Exhibit 35.2)

 35.7
 Wells Fargo Bank, National Association, as Primary Servicer of the DoubleTree Hotel Universal Mortgage Loan (see Exhibit 35.1)

 35.8
 LNR Partners, LLC, as Special Servicer of the DoubleTree Hotel Universal Mortgage Loan (see Exhibit 35.2)

 35.9
 Wells Fargo Bank, National Association, as Primary Servicer of the Illinois Center Mortgage Loan (see Exhibit 35.1)

 35.10
 LNR Partners, LLC, as Special Servicer of the Illinois Center Mortgage Loan (see Exhibit 35.2)

 35.11
 Wells Fargo Bank, National Association, as Primary Servicer of the Hammons Hotel Portfolio Mortgage Loan (see Exhibit 35.1)

 35.12
 LNR Partners, LLC, as Special Servicer of the Hammons Hotel Portfolio Mortgage Loan (see Exhibit 35.2)

 (b) The
exhibits required to be filed by the Registrant pursuant to Item 601 of Regulation S-K are listed above.

 (c) Not
Applicable.

 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.

 GS
Mortgage Securities Corporation II

(Depositor)

 /s/
Scott Epperson

 Scott
Epperson, Chief Executive Officer

 (senior
officer in charge of securitization of the depositor)

 Date:
March 26, 2025


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,
 2024

 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:

 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
 1C.
 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, 2024, 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/ Rottenkolber

 Name: Christian Rottenkolber

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

 Dated:
March 19, 2025

 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,
 2024

 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:

 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
 1C.
 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, 2024, 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/ Rottenkolber

 Name: Christian Rottenkolber

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

 Dated:
March 19, 2025

 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.