Volkswagen Auto Loan Enhanced Trust 2023-2																									Exhibit 99.1
MONTHLY SERVICER CERTIFICATE
For the collection period ended 12-29-2023																									PAGE 1
A.			DATES														Begin				End				# days
1			Determination Date																			1/18/2024
2			Payment Date																			1/22/2024
3			Collection Period															12/1/2023				12/29/2023				29
4			Monthly Interest Period - Actual/360															12/20/2023				1/21/2024				33
5			Monthly Interest - 30/360															12/20/2023				1/21/2024				30
6			SOFR Adjustment Date																			12/18/2023
B.			SUMMARY
										Initial Balance				Beginning Balance				Principal Payment				Ending Balance				Note Factor
7			Class A-1 Notes							245,000,000.00				172,028,260.20				33,174,678.12				138,853,582.08				0.5667493
8			Class A-2-A Notes							310,000,000.00				310,000,000.00				-				310,000,000.00				1.0000000
9			Class A-2-B Notes							225,000,000.00				225,000,000.00				-				225,000,000.00				1.0000000
10			Class A-3 Notes							420,000,000.00				420,000,000.00				-				420,000,000.00				1.0000000
11			Class A-4 Notes							50,000,000.00				50,000,000.00				-				50,000,000.00				1.0000000
12			Total Securities						$	1,250,000,000.00			$	1,177,028,260.20			$	33,174,678.12			$	1,143,853,582.08
13			Overcollateralization							38,666,430.42				38,666,430.42								38,666,430.42
14			Adjusted Pool Balance						$	1,288,666,430.42			$	1,215,694,690.62			$	33,174,678.12			$	1,182,520,012.50
15			YSOC							130,170,231.38				121,994,168.45								118,002,219.95
16			Net Pool Balance						$	1,418,836,661.80			$	1,337,688,859.07			$	33,174,678.12			$	1,300,522,232.45
																		Per $1000				Principal& Interest				Per $1000
						Coupon Rate				SOFR Rate				Interest Pmt Due				Face Amount				Payment Due				Face Amount
17			Class A-1 Notes			5.60100	%			N/A				883,236.09				3.6050453				34,057,914.21				139.0118947
18			Class A-2-A Notes			5.72000	%			N/A				1,477,666.67				4.7666667				1,477,666.67				4.7666667
19			Class A-2-B Notes			5.96774	%			5.33774	%			1,230,846.38				5.4704284				1,230,846.38				5.4704284
20			Class A-3 Notes			5.48000	%			N/A				1,918,000.00				4.5666667				1,918,000.00				4.5666667
21			Class A-4 Notes			5.57000	%			N/A				232,083.33				4.6416666				232,083.33				4.6416666
22			Total Securities											5,741,832.47								38,916,510.59
C.			COLLECTIONS AND AVAILABLE FUNDS
23			Scheduled Principal Payments Received																							22,446,221.73
24			Scheduled Interest Payments Received																							6,004,453.78
25			Prepayments of Principal Received																							12,672,706.47
26			Liquidation Proceeds																							772,157.97
27			Recoveries Received																							55,000.28
28			Other Payments Received to Reduce Principal
29			Subtotal: Total Collections																							41,950,540.23
30			Repurchased Receivables																							-
31			Reserve Account Excess Amount (Item 94)																							14,326.67
32			Total Available Funds, prior to Servicer Advances																							41,964,866.90
33			Servicer Advance (Item 77)																							-
34			Total Available Funds + Servicer Advance																							41,964,866.90
35			Reserve Account Draw Amount (Item 80)																							-
36			Total Available Funds + Servicer Advance and Reserve Account Draw Amount																							41,964,866.90
D.			DISTRIBUTIONS
			Distribution Summary:
37			Prior Advance Reimbursement (Item 83)																							-
38			Servicing Fees (Item 45)																							1,114,740.72
39			Class A Noteholder Interest (Item 56)																							5,741,832.47
40			Principal Distribution Amount (Item 81)																							33,174,678.12
41			Amount Paid to Reserve Account to Reach Specified Balance																							-
42			Other Amounts Paid to Trustees																							-
43			Certificateholders Principal Distribution Amount																							-
44			Remaining Funds to Seller																							1,933,615.59

  

 

 

 

PAGE 2
			Distribution Detail:															Due				Shortfall				Paid
45			Servicing Fees															1,114,740.72				-				1,114,740.72
			Pro rata:
46			Class A-1 Interest															883,236.09				-				883,236.09
47			Class A-2-A Interest															1,477,666.67				-				1,477,666.67
48			Class A-2-B Interest															1,230,846.38								1,230,846.38
49			Class A-3 Interest															1,918,000.00				-				1,918,000.00
50			Class A-4 Interest															232,083.33				-				232,083.33
51			Class A-1 Interest Carryover Shortfall															-				-				-
52			Class A-2-A Interest Carryover Shortfall															-				-				-
53			Class A-2-B Interest Carryover Shortfall
54			Class A-3 Interest Carryover Shortfall															-				-				-
55			Class A-4 Interest Carryover Shortfall															-				-				-
56			Class A Noteholder Interest															5,741,832.47				-				5,741,832.47
E.			CALCULATIONS
			Calculation of Principal Distribution Amount:
57			Beginning Adjusted Pool Balance																							1,215,694,690.62
58			Beginning Net Pool Balance																			1,337,688,859.07
59			Receipts of Scheduled Principal																			(22,446,221.73	)
60			Receipts of Prepaid Principal																			(12,672,706.47	)
61			Liquidation Proceeds																			(772,157.97	)
62			Other Collections of Principal																			-
63			Principal Amount of Repurchases																			-
64			Principal Amount of Defaulted Receivables																			(1,275,540.45	)
65			Ending Net Pool Balance																			1,300,522,232.45
66			Yield Supplement Overcollateralization Amount																			118,002,219.95
67			Adjusted Pool Balance																			1,182,520,012.50
68			Less: Adjusted Pool Balance - End of Collection Period																							1,182,520,012.50
69			Calculated Principal Distribution Amount																							33,174,678.12
			Calculation of Servicer Advance:
70			Available Funds, prior to Servicer Advances (Item 32)																							41,964,866.90
71			Less: Prior Advance Reimbursement (Item 37)																							-
72			Less: Servicing Fees Paid (Item 38)																							1,114,740.72
73			Less: Interest Paid to Noteholders (Item 39)																							5,741,832.47
74			Less: Calculated Principal Distribution (Item 69)																							33,174,678.12
75			Equals: Remaining Available Funds before Servicer Advance																							1,933,615.59
76			Monthly Loan Payments Due on Included Units but not received (N/A if Item 75 > 0)																							N/A
77			Servicer Advance (If Item 75 < 0, lesser of Item 75 and Item 76, else 0)																							-
			Calculation of Reserve Account Draw Amount:
78			Remaining Available Funds, before Reserve Account Draw (Item 75 plus Item 77)																							1,933,615.59
79			Available Funds Shortfall Amount (If Item 78 < 0, Item 78, else 0)																							-
80			Reserve Account Draw Amount (If Item 79 is > 0, Lesser of Reserve Acct Balance and Item 79)																							-
81			Principal Distribution Amount (Item 69 - Available Funds Shortfall + Reserve Account Draw Amt)																							33,174,678.12
			Reconciliation of Servicer Advance:
82			Beginning Balance of Servicer Advance																							-
83			Less: Prior Advance Reimbursement																							-
84			Plus: Additional Servicer Advances for Current Period																							-
85			Ending Balance of Servicer Advance																							-
F.			RESERVE ACCOUNT
			Reserve Account Balances:
86			Specified Reserve Account Balance (Lesser of (a) $3,221,666.08, and (b) the aggregate note balance)																							3,221,666.08
87			Initial Reserve Account Balance																							3,221,666.08
88			Beginning Reserve Account Balance																							3,221,666.08
89			Plus:  Net Investment Income for the Collection Period																							14,326.67
90			Subtotal:  Reserve Fund Available for Distribution																							3,235,992.75
91			Plus:  Deposit of Excess Available Funds (Item 41)																							-
92			Less:  Reserve Account Draw Amount (Item 80)																							-
93			Subtotal Reserve Account Balance																							3,235,992.75
94			Less: Reserve Account Excess Amount to Available Funds (If Item 93 > Item 86)																							14,326.67
95			Equals: Ending Reserve Account Balance																							3,221,666.08
96			Change in Reserve Account Balance from Immediately Preceding Payment Date																							-

  

 

 

 

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G.			POOL STATISTICS
			Collateral Pool Balance Data:															Initial				Prior				Current Period
97			Net Pool Balance															1,418,836,662				1,337,688,859				1,300,522,232
98			Number of Current Contracts															45,971				44,764				44,140
99			Weighted Average Loan Rate															5.69	%			5.69	%			5.70	%
100			Average Remaining Term															57.8				56.0				55.2
101			Average Original Term															67.4				67.5				67.5
102			Monthly Prepayment Rate																							0.99	%
																										Outstanding
			Net Credit Loss and Repossession Activity:																			Units				Principal Balance
103			Aggregate Outstanding Principal Balance of Charged Off Receivables																			48				2,047,698.42
104			Liquidation Proceeds on Related Vehicles																							772,157.97
105			Recoveries Received on Receivables Previously Charged Off																							55,000.28
106			Net Principal Losses for Current Collection Period																			48				1,220,540.17
107			Beginning Net Principal Losses																			48				674,987.91
108			Net Principal Losses for Current Collection Period																			48				1,220,540.17
109			Cumulative Net Principal Losses																			96				1,895,528.08
110			Cumulative Net Loss Ratio (Cumulative Net Principal Losses divided by $1,418,836,661.80)																							0.13	%
																										Outstanding
			Delinquencies Aging Profile - End of Period:															Percentage				Units				Principal Balance
111			Current															99.14	%			43,825				1,289,308,108.33
112			31 - 60 Days Delinquent															0.69	%			257				9,034,338.95
113			61 - 90 Days Delinquent															0.17	%			58				2,179,785.17
114			91-120 Days Delinquent1															0.00	%			-				-
115			Total															100.00	%			44,140				1,300,522,232.45
H.			DELINQUENCY AND NET LOSS RATIOS
116			Ratio of Net Principal Losses to the Pool balance as of Each Collection Period																							Percentage
117			Current Period																							0.09	%
118			Prior Period																							0.05	%
119			Two Periods Prior																							N/A
120			Three Periods Prior																							N/A
			Four Period Average (Current and Three Prior Collection Periods)																							0.07	%
121			Total Delinquencies - Ratio of Principal Balance of 61-Day Delinquent Receivables to the Pool balance as of Each Collection Period																							Percentage
122			Current Period																							0.17	%
123			Prior Period																							0.11	%
124			Two Periods Prior																							N/A
125			Three Periods Prior																							N/A
			Four Period Average (Current and Three Prior Collection Periods)																							0.14	%
126			Delinquency Trigger																							4.48	%
127			Delinquency Percentage (61-Day Delinquent Receivables)																							0.17	%
128			Delinquency Trigger occurred in this collection Period?																							No

 

Summary of Material Modifications, Extensions or Waivers

None in the current month

Summary of Material Breaches of Representations or Warranties Related to Eligibility Criteria

None in the current month

Summary of Material Breaches by the Issuer of Transaction Covenants

None in the current month

Summary of Material Changes in Practices With respect to Charge-Offs, Collections and Management of Delinquent Receivables and the Effect of any Grace Period, Re-Aging, Re-Structuring, Partial Payments or Other Practices on Delinquency and Loss Experience

None in the current month

VW CREDIT, INC., as Servicer