DAIMLER BENZ VEHICLE TRUST 1996-A
8-K, 1999-07-06
ASSET-BACKED SECURITIES
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<PAGE>   1
                       SECURITIES AND EXCHANGE COMMISSION

                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT


                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934




                        DAIMLER-BENZ VEHICLE TRUST 1996-A
             (Exact name of registrant as specified in its charter)



                                  June 21, 1999
                Date of Report (Date of earliest event reported)



Delaware                         000-22323              13-3770955
(State or other jurisdiction     (Commission File       (I.R.S. Employer
of incorporation)                 Number)               Identification No.)



        1201 North Market Street, Suite 1406, Wilmington, Delaware 19801
               (Address of principal executive offices) (Zip Code)



                                 (302) 426-1900
              (Registrant's telephone number, including area code)
<PAGE>   2
Item 5.  Other Events

         On June 21, 1999, the Principal and Interest collected during the
preceding calendar month, net of certain adjustments as provided for in the
Pooling and Servicing Agreement dated as of November 1, 1996 (the "Agreement"),
among Mercedes-Benz Credit Corporation, in its individual capacity and as
Servicer, Daimler-Benz Vehicle Receivables Corporation, as Seller, and Citibank,
N.A., as Trustee, Payahead Agent, Class A Agent and Class B Agent (the
"Trustee"), was distributed to holders ("Certificateholders") of certificates
representing undivided fractional interests in Daimler-Benz Vehicle Trust
1996-A. In accordance with the Agreement, the statements for Class A and Class B
Certificateholders for the May 1999 collection period (the "May Statement") was
furnished to the Trustee for the benefit of the Certificateholders and, as such,
was distributed by the Trustee to the Certificateholders. A copy of the May
Statement is being filed as Exhibit 20 to this Current Report on Form 8-K.



Item 7.  Financial Statements and Exhibits

         (c)      Exhibits

                  Exhibit No.          Description

                  20                   Statement for Class A and Class B
                                       Certificateholders for the
                                       May 1999 Collection Period


                                       -2-
<PAGE>   3
                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                              Daimler-Benz Vehicle Trust 1996-A
                                          (Registrant)

                              By:  Mercedes-Benz Credit Corporation, as Servicer


Date:  June 22, 1999          By:      /s/ David A. Klanica
                                   --------------------------------------------
                                    Name:       David A. Klanica
                                    Title:      Director of Accounting Services


                                       -3-
<PAGE>   4
                                INDEX TO EXHIBITS

Exhibit No.       Description

       20         Statement for Class A and Class B Certificateholders for the
                  May 1999 Collection Period


                                       -4-

<PAGE>   1
                        Daimler-Benz Vehicle Trust 1996-A
                            Monthly Servicing Report
                   Servicer: Mercedes-Benz Credit Corporation
                             Trustee: Citibank, N.A.



Collection Period: May 1999
Distribution Date: 6/21/99


STATEMENT FOR CLASS A AND CLASS B CERTIFICATEHOLDERS PURSUANT TO
SECTION 4.9 OF THE POOLING AND SERVICING AGREEMENT

<TABLE>
<CAPTION>
                                                                                                    Per $1,000 of Original
                                                                                                        Class A/Class B
                                                                                                       Certificate Amount
                                                                                                    ----------------------
<S>                                                                          <C>                    <C>
   (i) Principal Distribution
         Class A Amount                                                      $  11,340,585.44            $   14.261512
         Class B Amount                                                      $     756,813.72            $   11.172357
  (ii) Interest Distribution
         Class A Amount                                                      $     511,211.40            $    0.642881
         Class B Amount                                                      $      43,548.67            $    0.642881

 (iii) Monthly Servicing Fee                                                 $      94,830.78            $    0.109894
         Monthly Supplemental Servicing Fee                                  $           0.00            $    0.000000
         Class A Percentage of the Servicing Fee                             $      87,386.56            $    0.109894
         Class A Percentage of the Supplemental Servicing Fee                $           0.00            $    0.000000
         Class B Percentage of the Servicing Fee                             $       7,444.22            $    0.109894
         Class B Percentage of the Supplemental Servicing Fee                $           0.00

  (iv) Class A Principal Balance (end of Collection Period)                  $  93,523,292.10
       Class A Pool Factor (end of Collection Period)                               11.761153%
       Class B Principal Balance (end of Collection Period)                  $   7,966,986.90
       Class B Pool Factor (end of Collection Period)                               11.761153%

   (v) Pool Balance (end of Collection Period)                               $ 101,490,279.00

  (vi) Class A Interest Carryover Shortfall                                  $           0.00
       Class A Principal Carryover Shortfall                                 $           0.00
       Class B Interest Carryover Shortfall                                  $           0.00
       Class B Principal Carryover Shortfall                                 $    (508,681.31)

 (vii) Amount Otherwise Distributable to the Seller that is
       Distributed to Either the Class A or Class B
       Certificateholders                                                    $           0.00            $    0.000000

(viii) Balance of the Reserve Fund Property (end of Collection Period)
         Class A Amount                                                      $  26,963,834.54
         Class B Amount                                                      $           0.00

  (ix) Aggregate Purchase Amount of Receivables repurchased by
       the Seller or the Servicer                                            $           0.00
</TABLE>


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