CREDITSUISSE FIRST BOSTONPAGE 1

AMERICAN HONDAFINANCE CORPORATIONAnnual Statement toCertificateholder—Honda Auto Receivables 2005-2 OwnerTrust04/01/05 through03/31/06

|                                                   |  |  |                   |  |  |        |
|---------------------------------------------------|--|--|-------------------|--|--|--------|
| I.ORIGINAL DEAL PARAMETER INPUTS                  |  |  |              |  |  |   |
| (A)Total Portfolio Balance                        |  |  | $1,033,687,395.81 |  |  |   |
| (B)Total Securities Balance                       |  |  | $1,033,687,395.81 |  |  |   |
| (C)Class A-1Notes                                 |  |  |              |  |  |   |
| (i) ClassA-1 NotesBalance                         |  |  | $242,000,000.00   |  |  |   |
| (ii) ClassA-1 Notes Percentage (C(i)/B)           |  |  | 23.41%            |  |  |   |
| (iii) Class A-1 NotesRate                         |  |  | 3.18200%          |  |  |   |
| (iv) ClassA-1 Notes Accrual Basis                 |  |  | Actual/360        |  |  |   |
| (D)Class A-2 Notes                                |  |  |              |  |  |   |
| (i) Class A-2Notes Balance                        |  |  | $237,000,000.00   |  |  |   |
| (ii)Class A-2 Notes Percentage (D(i)/B)           |  |  | 22.93%            |  |  |   |
| (iii) Class A-2 NotesRate                         |  |  | 3.650%            |  |  |   |
| (iv) Class A-2Notes Accrual Basis                 |  |  | 30/360            |  |  |   |
| (E)Class A-3 Notes                                |  |  |              |  |  |   |
| (i) Class A-3Notes Balance                        |  |  | $322,000,000.00   |  |  |   |
| (ii)Class A-3 Notes Percentage (E(i)/B)           |  |  | 31.15%            |  |  |   |
| (iii) Class A-3 NotesRate                         |  |  | 3.930%            |  |  |   |
| (iv) Class A-3Notes Accrual Basis                 |  |  | 30/360            |  |  |   |
| (F)Class A-4 Notes                                |  |  |              |  |  |   |
| (i) Class A-4Notes Balance                        |  |  | $199,000,000.00   |  |  |   |
| (ii)Class A-4 Notes Percentage (F(i)/B)           |  |  | 19.25%            |  |  |   |
| (iii) Class A-4 NotesRate                         |  |  | 4.150%            |  |  |   |
| (iv) Class A-4Notes Accrual Basis                 |  |  | 30/360            |  |  |   |
| (G)Certificates                                   |  |  |              |  |  |   |
| (i) CertificatesBalance                           |  |  | $33,687,395.81    |  |  |   |
| (ii)Certificates Percentage (G(i)/B)              |  |  | 3.26%             |  |  |   |
| (iii) CertificatesRate                            |  |  | 4.150%            |  |  |   |
| (iv)Certificates Accrual Basis                    |  |  | 30/360            |  |  |   |
| (H)Servicing FeeRate                              |  |  | 1.00%             |  |  |   |
| (I)Portfolio Summary                              |  |  |              |  |  |   |
| (i) WeightedAverage Coupon (WAC)                  |  |  | 4.64%             |  |  |   |
| (ii) Weighted AverageOriginal Maturity (WAOM)     |  |  | 58.31             |  |  | months |
| (iii)Weighted Average Remaining Maturity (WAM)    |  |  | 51.13             |  |  | months |
| (iv) Number ofReceivables                         |  |  | 65,612            |  |  |   |
| (J) ReserveFund                                   |  |  |              |  |  |   |
| (i) Reserve Account InitialDeposit Percentage     |  |  | 0.50%             |  |  |   |
| (ii) Reserve AccountInitial Deposit               |  |  | $5,168,436.98     |  |  |   |
| (iii) Specified ReserveAccountPercentage          |  |  | 0.75%             |  |  |   |
| (iv)Specified Reserve AccountBalance              |  |  | $7,752,655.47     |  |  |   |
| (K)Yield Supplement Account Deposit               |  |  | $31,428,774.90    |  |  |   |
| II.INPUTS FROM PREVIOUS MONTHLY SERVICERREPORTS   |  |  |              |  |  |   |
| (A) Total PortfolioBalance                        |  |  | $1,033,687,395.81 |  |  |   |
| (B) TotalSecurities Balance                       |  |  | $1,033,687,395.81 |  |  |   |
| (C) CumulativeNote and Certificate Pool Factor    |  |  | 1.0000000         |  |  |   |
| (D) ClassA-1 Notes                                |  |  |              |  |  |   |
| (i) Class A-1 NotesBalance                        |  |  | $242,000,000.00   |  |  |   |
| (ii) ClassA-1 Notes Pool Factor                   |  |  | 1.0000000         |  |  |   |
| (iii) Class A-1 NotesInterest Carryover Shortfall |  |  | $0.00             |  |  |   |
| (iv) Class A-1 Notes PrincipalCarryover Shortfall |  |  | $0.00             |  |  |   |
| (E) Class A-2Notes                                |  |  |              |  |  |   |
| (i) Class A-2 NotesBalance                        |  |  | $237,000,000.00   |  |  |   |
| (ii) ClassA-2 Notes Pool Factor                   |  |  | 1.0000000         |  |  |   |
| (iii) Class A-2 NotesInterest Carryover Shortfall |  |  | $0.00             |  |  |   |
| (iv) Class A-2 Notes PrincipalCarryover Shortfall |  |  | $0.00             |  |  |   |
| (F) Class A-3Notes                                |  |  |              |  |  |   |
| (i) Class A-3 NotesBalance                        |  |  | $322,000,000.00   |  |  |   |
| (ii) ClassA-3 Notes Pool Factor                   |  |  | 1.0000000         |  |  |   |
| (iii) Class A-3 NotesInterest Carryover Shortfall |  |  | $0.00             |  |  |   |
| (iv) Class A-3 Notes PrincipalCarryover Shortfall |  |  | $0.00             |  |  |   |
| (G) Class A-4Notes                                |  |  |              |  |  |   |
| (i) Class A-4 NotesBalance                        |  |  | $199,000,000.00   |  |  |   |
|                                                   |

----

|                                                   |  |  |                |  |  |        |
|---------------------------------------------------|--|--|----------------|--|--|--------|
| (ii) Class A-4 Notes Pool Factor                  |  |  | 1.0000000      |  |  |   |
| (iii) Class A-4 NotesInterest Carryover Shortfall |  |  | $0.00          |  |  |   |
| (iv) Class A-4 Notes PrincipalCarryover Shortfall |  |  | $0.00          |  |  |   |
| (H)Certificates                                   |  |  |           |  |  |   |
| (i) CertificatesBalance                           |  |  | $33,687,395.81 |  |  |   |
| (ii)Certificates Pool Factor                      |  |  | 1.0000000      |  |  |   |
| (iii) Certificates InterestCarryover Shortfall    |  |  | $0.00          |  |  |   |
| (iv)Certificates Principal Carryover Shortfall    |  |  | $0.00          |  |  |   |
| (I) ServicingFee                                  |  |  |           |  |  |   |
| (i) Servicing FeeShortfall                        |  |  | $0.00          |  |  |   |
| (J) End of PriorMonth Account Balances            |  |  |           |  |  |   |
| (i) ReserveAccount                                |  |  | $5,168,436.98  |  |  |   |
| (ii) YieldSupplement Account                      |  |  | $31,428,774.90 |  |  |   |
| (iii) PayaheadAccount                             |  |  | $0.00          |  |  |   |
| (iv) AdvancesOutstanding                          |  |  | $0.00          |  |  |   |
| (K)Portfolio Summary as of End of PriorYear       |  |  |           |  |  |   |
| (i) Weighted Average Coupon(WAC)                  |  |  | 4.64%          |  |  |   |
| (ii) WeightedAverage Remaining Maturity (WAM)     |  |  | 51.13          |  |  | months |
| (iii) Number ofReceivables                        |  |  | 65,612         |  |  |   |
| (L) Note andCertificate Percentages               |  |  |           |  |  |   |
| (i) NotePercentage                                |  |  | 100.00%        |  |  |   |
| (ii)Certificate Percentage                        |  |  | 0.00%          |  |  |   |
|                                                   |

----

CREDIT SUISSE FIRSTBOSTONPAGE 2

AMERICAN HONDAFINANCE CORPORATIONAnnual Statement toCertificateholder—Honda Auto Receivables 2005-2 OwnerTrust04/01/05 through03/31/06

|                                                                    |  |  |                 |  |  |        |
|--------------------------------------------------------------------|--|--|-----------------|--|--|--------|
| III.INPUTS FROM THEMAINFRAME                                       |  |  |            |  |  |   |
| (A)Precomputed ContractsPrincipal                                  |  |  |            |  |  |   |
| (i)Scheduled Principal Collections                                 |  |  | $0.00           |  |  |   |
| (ii)Prepayments in Full                                            |  |  | $0.00           |  |  |   |
| (iii)Prepayments in Full due to Repurchases                        |  |  | $0.00           |  |  |   |
| (B) Precomputed ContractsTotal Collections                         |  |  | $0.00           |  |  |   |
| (C)Precomputed Interest Receivables Interest (B-A((i)+(ii)+(iii))) |  |  | $0.00           |  |  |   |
| (D) SimpleInterest Receivables Principal                           |  |  |            |  |  |   |
| (i)Principal Collections                                           |  |  | $227,331,921.15 |  |  |   |
| (ii) Prepayments inFull                                            |  |  | $115,974,766.52 |  |  |   |
| (iii)Repurchased Receivables Related to Principal                  |  |  | $0.00           |  |  |   |
| (E) SimpleInterest Receivables Interest                            |  |  |            |  |  |   |
| (i)Simple Interest Collections                                     |  |  | $39,974,950.22  |  |  |   |
| (F)Payment Advance forPrecomputes                                  |  |  |            |  |  |   |
| (i) Reimbursement ofPrevious Advances                              |  |  | $0.00           |  |  |   |
| (ii)Current Advance Amount                                         |  |  | $0.00           |  |  |   |
| (G) Interest Advance forsimple Interest — Net                |  |  | $310,818.76     |  |  |   |
| (H)Payahead Account                                                |  |  |            |  |  |   |
| (i) PaymentsApplied                                                |  |  | $0.00           |  |  |   |
| (ii) AdditionalPayaheads                                           |  |  | $0.00           |  |  |   |
| (I)Portfolio Summary as of End ofMonth                             |  |  |            |  |  |   |
| (i) Weighted Average Coupon(WAC)                                   |  |  | 4.58%           |  |  |   |
| (ii) WeightedAverage Remaining Maturity (WAM)                      |  |  | 39.33           |  |  | months |
| (iii)Remaining Number of Receivables                               |  |  | 55,864          |  |  |   |
|                                                                    |

|                                                       |  |  |        |  |       |              |  |  |  |  |      |   |  |  |                |  |  |  |  |      |   |
|-------------------------------------------------------|--|--|--------|--|-------|--------------|--|--|--|--|------|---|--|--|----------------|--|--|--|--|------|---|
| (J)DelinquentReceivables                              |  |  | #Units |  |       | DollarAmount |
| (i) 30-59 DaysDelinquent                              |  |  |        |  | 1,491 |              |  |  |  |  | 2.67 | % |  |  | $19,319,047.45 |  |  |  |  | 2.84 | % |
| (ii)60-89 Days Delinquent                             |  |  |        |  | 308   |              |  |  |  |  | 0.55 | % |  |  | $4,166,856.50  |  |  |  |  | 0.61 | % |
| (ii)90 Days or More Delinquent                        |  |  |        |  | 51    |              |  |  |  |  | 0.09 | % |  |  | $722,305.35    |  |  |  |  | 0.11 | % |
| (K)Vehicles Repossessed During CollectionPeriod       |  |  |        |  | 53    |              |  |  |  |  | 0.09 | % |  |  | $728,579.29    |  |  |  |  | 0.11 | % |
| (L)Total Accumulated Repossessed Vehicles inInventory |  |  |        |  | 96    |              |  |  |  |  | 0.17 | % |  |  | $1,417,496.96  |  |  |  |  | 0.21 | % |
|                                                       |

|                                                                       |  |  |                 |
|-----------------------------------------------------------------------|--|--|-----------------|
| IV.INPUTS DERIVED FROM OTHER SOURCES                                  |
| (A)Collection Account InvestmentIncome                                |  |  | $0.00           |
| (B)Reserve Account Investment Income                                  |  |  | $261,548.91     |
| (C) Yield Supplement AccountInvestment Income                         |  |  | $787,843.54     |
| (D)Trust Fees Expense                                                 |  |  | $6,000.00       |
| (E)Aggregate Net Losses for Collection Period                         |  |  | $5,072,678.15   |
| (F) LiquidatedReceivablesInformation                                  |  |  |            |
| (i) GrossPrincipal Balance on LiquidatedReceivables                   |  |  | $10,479,758.76  |
| (ii) LiquidationProceeds                                              |  |  | $4,325,413.69   |
| (ii) Recoveries fromPrior Month Charge Offs                           |  |  | $1,081,666.92   |
| (G) Days in AccrualPeriod                                             |  |  | 356             |
| (H) Dealage                                                           |  |  | 12              |
| COLLECTIONS                                                           |
| V.INTEREST COLLECTIONS                                                |  |  |            |
| (A) TotalInterest Collections(III(C+E(i)+G)                           |  |  | $40,285,768.98  |
| VI.PRINCIPAL COLLECTIONS                                              |  |  |            |
| (A) PrincipalPayments Received (III(A((i)+(ii))+(D(i)+(ii)))          |  |  | $343,306,687.67 |
| (B) Liquidation Proceeds(IV(H(i)))                                    |  |  | $4,325,413.69   |
| (C)Repurchased Loan Proceeds Related to Principal(III(A(iii)+D(iii))) |  |  | $0.00           |
| (D)Recoveries from Prior Charge Offs(IV(H(ii)))                       |  |  | $1,081,666.92   |
| (E) TotalPrincipal Collections (A+B+C+D)                              |  |  | 348,713,768.28  |
| VII.TOTAL INTEREST AND PRINCIPAL COLLECTIONS (V(C)+VI(E))             |  |  | 388,999,537.26  |
| VIII.YIELD SUPPLEMENTDEPOSIT                                          |  |  | $16,123,843.97  |
| IX.TOTAL AVAILABLE AMOUNT (VII+VIII)                                  |  |  | 405,123,381.23  |
|                                                                       |

----

|                                                       |  |  |  |   |               |  |
|-------------------------------------------------------|--|--|--|---|---------------|--|
| DISTRIBUTIONS                                         |
| X.FEE DISTRIBUTIONS                                   |  |  |  |   |          |  |
| (A) ServicingFee                                      |  |  |  |   |          |  |
| (i) Servicing Fee Due(I(H)/12)(II(B))+(II(H)(i))      |  |  |  | $ | 8,698,381.33  |  |
| (ii)Servicing Fee Paid                                |  |  |  |   | 8,698,381.33  |  |
| (iii)Servicing Fee Shortfall                          |  |  |  | $ | 0.00          |  |
| (B)Reserve Account Investment Income (IV(B))          |  |  |  |   | 261,548.91    |  |
| (C) Yield Supplement AccountInvestment Income (IV(C)) |  |  |  |   | 0.00          |  |
| (D)Trust Fees Expense(IV(D))                          |  |  |  |   | 6,000.00      |  |
| XI.DISTRIBUTIONS TONOTEHOLDERS                        |  |  |  |   |          |  |
| (A)Interest                                           |  |  |  |   |          |  |
| (i) Class A-1Notes                                    |  |  |  |   |          |  |
| (a) Class A-1 Notes InterestDue                       |  |  |  | $ | 2,734,359.83  |  |
| (b) Class A-1 NotesInterest Paid                      |  |  |  |   | 2,734,359.83  |  |
| (c)Class A-1 Notes Interest Shortfall                 |  |  |  | $ | 0.00          |  |
| (ii) Class A-2Notes                                   |  |  |  |   |          |  |
| (a) Class A-2 NotesInterest Due                       |  |  |  | $ | 7,908,600.74  |  |
| (b) Class A-2Notes Interest Paid                      |  |  |  |   | 7,908,600.74  |  |
| (c) Class A-2Notes Interest Shortfall                 |  |  |  | $ | 0.00          |  |
| (iii) Class A-3Notes                                  |  |  |  |   |          |  |
| (a) Class A-3 Notes Interest Due                      |  |  |  | $ | 12,267,931.67 |  |
| (b) Class A-3 Notes InterestPaid                      |  |  |  |   | 12,267,931.67 |  |
| (c)Class A-3 Notes Interest Shortfall                 |  |  |  | $ | 0.00          |  |
| (iv) Class A-4Notes                                   |  |  |  |   |          |  |
| (a) Class A-4 Notes Interest Due                      |  |  |  | $ | 8,006,156.91  |  |
| (b) Class A-4 Notes InterestPaid                      |  |  |  |   | 8,006,156.91  |  |
| (c)Class A-4 Notes Interest Shortfall                 |  |  |  | $ | 0.00          |  |
|                                                       |

----

CREDIT SUISSE FIRSTBOSTONPAGE 3

AMERICAN HONDA FINANCECORPORATIONAnnual Statement to Certificateholder—Honda AutoReceivables 2005-2 Owner Trust04/01/05 through03/31/06

|                                                                                              |  |  |                 |
|----------------------------------------------------------------------------------------------|--|--|-----------------|
| (v)Total Note Interest                                                                       |  |  |            |
| (a)Total Note Interest Due                                                                   |  |  | $30,917,049.15  |
| (b)Total Note Interest Paid                                                                  |  |  | 30,917,049.15   |
| (c) TotalNote Interest Shortfall                                                             |  |  | $0.00           |
| (d) ReserveFund Withdrawn for Note Interest                                                  |  |  | $0.00           |
| Amount available for distributionsafter Fees & Interest(VIII-(IX(A)(ii)-(D))-X(A)(v)(b)) |  |  | 365,501,950.75  |
| (B)Principal                                                                                 |  |  |            |
| (i)Noteholders’ Principal Distribution Amounts                                         |  |  | $350,112,614.51 |
| (ii) Class A-1Notes Principal                                                                |  |  |            |
| (a) ClassA-1 Notes Principal Due                                                             |  |  | 242,000,000.00  |
| (b)Class A-1 Notes Principal Paid                                                            |  |  | 242,000,000.00  |
| (c) ClassA-1 Notes Principal Shortfall                                                       |  |  | $0.00           |
| (d)Reserve Fund drawn                                                                        |  |  | $0.00           |
| (iii) Class A-2 NotesPrincipal                                                               |  |  |            |
| (a) Class A-2 Notes PrincipalDue                                                             |  |  | $108,112,614.51 |
| (b) Class A-2 NotesPrincipal Paid                                                            |  |  | 108,112,614.51  |
| (c) ClassA-2 Notes Principal Shortfall                                                       |  |  | $0.00           |
| (d)Reserve Fund drawn                                                                        |  |  | $0.00           |
| (iv) Class A-3 NotesPrincipal                                                                |  |  |            |
| (a) Class A-3 Notes PrincipalDue                                                             |  |  | $0.00           |
| (b) Class A-3 Notes PrincipalPaid                                                            |  |  | 0.00            |
| (c) ClassA-3 Notes Principal Shortfall                                                       |  |  | $0.00           |
| (d)Reserve Fund drawn                                                                        |  |  | $0.00           |
| (v) Class A-4 NotesPrincipal                                                                 |  |  |            |
| (a) Class A-4 Notes PrincipalDue                                                             |  |  | $0.00           |
| (b) Class A-4 Notes PrincipalPaid                                                            |  |  | 0.00            |
| (c) ClassA-4 Notes Principal Shortfall                                                       |  |  | $0.00           |
| (d)Reserve Fund drawn                                                                        |  |  | $0.00           |
| (vi) Total NotesPrincipal                                                                    |  |  |            |
| (a) Total Notes PrincipalDue                                                                 |  |  | $350,112,614.51 |
| (b) Total NotesPrincipal Paid                                                                |  |  | 350,112,614.51  |
| (c) TotalNotes Principal Shortfall                                                           |  |  | $0.00           |
| (d) ReserveFund drawn                                                                        |  |  | $0.00           |
| XII.RESERVE FUND DEPOSIT                                                                     |  |  |            |
| Amountavailable for deposit into reserveaccount                                              |  |  | $15,389,336.24  |
| Amountdeposited into reserveaccount                                                          |  |  | 2,584,218.49    |
| Excess AmountReleased from ReserveAccount                                                    |  |  | 0.00            |
| Excessfunds available toCertificateholders                                                   |  |  | 12,805,117.75   |
| XIII.DISTRIBUTIONS TOCERTIFICATEHOLDERS                                                      |  |  |            |
| (A)Interest                                                                                  |  |  |            |
| (i) Certificate MonthlyInterest Due                                                          |  |  | $1,342,878.41   |
| (ii)Certificate Interest Shortfall BeginningBalance                                          |  |  | $0.00           |
| (iii) Total CertificateInterest Due                                                          |  |  | $1,342,878.41   |
| (iv)Certificate Interest Paid                                                                |  |  | 1,342,878.41    |
| (v)Certificate Interest Shortfall EndingBalance                                              |  |  | $0.00           |
| (B)Principal                                                                                 |  |  |            |
| (i) Certificate MonthlyPrincipal Due                                                         |  |  | $3,673,831.92   |
| (ii)Certificate Principal Shortfall BeginningBalance                                         |  |  | $0.00           |
| (iii) Total CertificatePrincipal Due                                                         |  |  | $3,673,831.92   |
| (iv)Certificate Principal Paid                                                               |  |  | 3,673,831.92    |
| (v)Certificate Principal Shortfall EndingBalance                                             |  |  | $0.00           |
| (C) Release toSeller                                                                         |  |  | $7,788,407.42   |
|                                                                                              |

----

|                                                |  |  |  |   |                |  |
|------------------------------------------------|--|--|--|---|----------------|--|
| DISTRIBUTIONSSUMMARY                           |
| (A) TotalCollections                           |  |  |  | $ | 405,123,381.23 |  |
| (B)Service Fee                                 |  |  |  | $ | 8,698,381.33   |  |
| (C) TrusteeFees                                |  |  |  |   | 6,000.00       |  |
| (D) Class A1Amount                             |  |  |  | $ | 244,734,359.83 |  |
| (E) Class A2Amount                             |  |  |  | $ | 116,021,215.25 |  |
| (F) Class A3Amount                             |  |  |  | $ | 12,267,931.67  |  |
| (G) Class A4Amount                             |  |  |  | $ | 8,006,156.91   |  |
| (H) AmountDeposited into Reserve Account       |  |  |  | $ | 2,584,218.49   |  |
| (I)Certificateholders                          |  |  |  | $ | 5,016,710.33   |  |
| (J)Release to seller                           |  |  |  | $ | 7,788,407.42   |  |
| (K)Total amountdistributed                     |  |  |  | $ | 405,123,381.23 |  |
| (L)Amount of Draw from Reserve Account         |  |  |  |   | 0.00           |  |
| (M) Excess Amount Released fromReserve Account |  |  |  |   | 0.00           |  |
| PORTFOLIOAND SECURITYSUMMARY                   |
|                                                |

|                                                         |  |  |                    |  |  |        |  |  |                 |  |  |        |
|---------------------------------------------------------|--|--|--------------------|--|--|--------|--|--|-----------------|--|--|--------|
|                                                    |  |  | Beginningof Period |  |  |   |  |  | End ofPeriod    |  |  |   |
| XIV. POOLBALANCES AND PORTFOLIOINFORMATION              |  |  |               |  |  |   |  |  |            |  |  |   |
| (A) Balancesand PrincipalFactors                        |  |  |               |  |  |   |  |  |            |  |  |   |
| (i)Aggregate Balance of Notes                           |  |  | $1,000,000,000.00  |  |  |   |  |  | $649,887,385.49 |  |  |   |
| (ii)Note Pool Factor                                    |  |  | 1.0000000          |  |  |   |  |  | 0.6498874       |  |  |   |
| (iii)Class A-1 Notes Balance                            |  |  | 242,000,000.00     |  |  |   |  |  | 0.00            |  |  |   |
| (iv)Class A-1 Notes Pool Factor                         |  |  | 1.0000000          |  |  |   |  |  | 0.0000000       |  |  |   |
| (v)Class A-2 Notes Balance                              |  |  | 237,000,000.00     |  |  |   |  |  | 128,887,385.49  |  |  |   |
| (vi)Class A-2 Notes Pool Factor                         |  |  | 1.0000000          |  |  |   |  |  | 0.5438286       |  |  |   |
| (vii)Class A-3 Notes Balance                            |  |  | 322,000,000.00     |  |  |   |  |  | 322,000,000.00  |  |  |   |
| (viii)Class A-3 Notes Pool Factor                       |  |  | 1.0000000          |  |  |   |  |  | 1.0000000       |  |  |   |
| (ix)Class A-4 Notes Balance                             |  |  | 199,000,000.00     |  |  |   |  |  | 199,000,000.00  |  |  |   |
| (x)Class A-4 Notes Pool Factor                          |  |  | 1.0000000          |  |  |   |  |  | 1.0000000       |  |  |   |
| (xi)Certificates Balance                                |  |  | 33,687,395.81      |  |  |   |  |  | 30,013,563.89   |  |  |   |
| (xii)Certificates Pool Factor                           |  |  | 1.0000000          |  |  |   |  |  | 0.8909434       |  |  |   |
| (xiii)Total Principal Balance of Notes and Certificates |  |  | 1,033,687,395.81   |  |  |   |  |  | 679,900,949.38  |  |  |   |
| (B)PortfolioInformation                                 |  |  |               |  |  |   |  |  |            |  |  |   |
| (i)Weighted Average Coupon (WAC)                        |  |  | 4.64%              |  |  |   |  |  | 4.58%           |  |  |   |
| (ii)Weighted Average Remaining Maturity (WAM)           |  |  | 51.13              |  |  | months |  |  | 39.33           |  |  | months |
| (iii)Remaining Number of Receivables                    |  |  | 65,612             |  |  |   |  |  | 55,864          |  |  |   |
| (iv)Portfolio Receivable Balance                        |  |  | $1,033,687,395.81  |  |  |   |  |  | $679,900,949.38 |  |  |   |
| (C)Outstanding AdvanceAmount                            |  |  | $0.00              |  |  |   |  |  | $310,818.76     |  |  |   |
| (D)Outstanding PayaheadBalance                          |  |  | $0.00              |  |  |   |  |  | $0.00           |  |  |   |
|                                                         |

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CREDIT SUISSE FIRSTBOSTONPAGE 4

AMERICAN HONDA FINANCECORPORATIONAnnual Statement to Certificateholder—Honda AutoReceivables 2005-2 Owner Trust04/01/05 through03/31/06

|                                                       |  |  |               |
|-------------------------------------------------------|--|--|---------------|
| SUMMARYOF ACCOUNTS                                    |
| XV. RECONCILIATION OF RESERVEACCOUNT                  |  |  |          |
| (A) Beginning Reserve AccountBalance                  |  |  | $5,168,436.98 |
| (B)Draws                                              |  |  |          |
| (i) Draw forServicing Fee                             |  |  | 0.00          |
| (ii) Draw forInterest                                 |  |  | 0.00          |
| (iii) Draw for RealizedLosses                         |  |  | 0.00          |
| (C) Excess InterestDeposited into the Reserve Account |  |  | 2,584,218.49  |
| (D) Reserve Account BalancePrior to Release           |  |  | 7,752,655.47  |
| (E)Reserve Account Required Amount                    |  |  | 7,752,655.47  |
| (F) Final Reserve AccountRequired Amount              |  |  | 7,752,655.47  |
| (G)Excess Reserve Account Amount                      |  |  | 0.00          |
| (H) Release of Reserve AccountBalance to Seller       |  |  | 7,752,655.47  |
| (I) Ending ReserveAccountBalance                      |  |  |          |
| XVI.RECONCILIATION OF YIELD SUPPLEMENTACCOUNT         |  |  |          |
| (A) Beginning YieldSupplement AccountBalance          |  |  | 31,428,774.90 |
| (B) InvestmentEarnings                                |  |  | 787,843.54    |
| (C) InvestmentEarnings Withdraw                       |  |  | 0.00          |
| (D) AdditionalYield Supplement Amounts                |  |  | 0.00          |
| (E)Yield Supplement DepositAmount                     |  |  | 16,123,843.97 |
| (F) Release ofYield Deposit Account Balance toSeller  |  |  | 0.00          |
| (G)Ending Yield Supplement AccountBalance             |  |  | 16,092,774.47 |
| XVII.NET LOSS AND DELINQUENCY ACCOUNTACTIVITY         |  |  |          |
| (A) LiquidatedContracts                               |  |  |          |
| (i) LiquidationProceeds                               |  |  | $4,325,413.69 |
| (ii) Recoveries onPreviously Liquidated Contracts     |  |  | 1,081,666.92  |
| (B) Aggregate Net Losses forCollection Period         |  |  | 5,072,678.15  |
| (C)Net Loss Rate for Collection Period (annualized)   |  |  | 0.59%         |
| (D) Cumulative Net Lossesfor all Periods              |  |  | $5,072,678.15 |
|                                                       |

|                                                       |  |  |        |  |       |              |  |  |  |  |      |   |  |  |                |  |  |  |  |      |   |
|-------------------------------------------------------|--|--|--------|--|-------|--------------|--|--|--|--|------|---|--|--|----------------|--|--|--|--|------|---|
| (E)Delinquent Receivables                             |  |  | #Units |  |       | DollarAmount |
| (i) 30-59 DaysDelinquent                              |  |  |        |  | 1,491 |              |  |  |  |  | 2.67 | % |  |  | $19,319,047.45 |  |  |  |  | 2.84 | % |
| (ii)60-89 Days Delinquent                             |  |  |        |  | 308   |              |  |  |  |  | 0.55 | % |  |  | $4,166,856.50  |  |  |  |  | 0.61 | % |
| (ii)90 Days or More Delinquent                        |  |  |        |  | 51    |              |  |  |  |  | 0.09 | % |  |  | $722,305.35    |  |  |  |  | 0.11 | % |
| XVIII.REPOSSESSIONACTIVITY                            |  |  | #Units |  |       | DollarAmount |
| (A) Vehicles Repossessed DuringCollectionPeriod       |  |  |        |  | 53    |              |  |  |  |  | 0.09 | % |  |  | $728,579.29    |  |  |  |  | 0.11 | % |
| (B)Total Accumulated Repossessed Vehicles inInventory |  |  |        |  | 96    |              |  |  |  |  | 0.17 | % |  |  | $1,417,496.96  |  |  |  |  | 0.21 | % |
|                                                       |

|                                                                                                       |  |  |                     |  |  |        |
|-------------------------------------------------------------------------------------------------------|--|--|---------------------|--|--|--------|
| XIX.TESTS FOR INCREASE IN SPECIFIED RESERVE ACCOUNTBALANCE                                            |  |  |                |  |  |   |
| (A) Ratio of Net Losses tothe Pool Balance as of Each CollectionPeriod                                |  |  |                |  |  |   |
| (i) SecondPreceding Collection Period                                                                 |  |  | 0.83%               |  |  |   |
| (ii)Preceding Collection Period                                                                       |  |  | 0.87%               |  |  |   |
| (iii) Current CollectionPeriod                                                                        |  |  | 0.45%               |  |  |   |
| (iv) Three MonthAverage (Avg(i,ii,iii))                                                               |  |  | 0.72%               |  |  |   |
| (B) Ratio ofBalance of Contracts Delinquent 60 Days or More to the OutstandingBalance of Receivables. |  |  |                |  |  |   |
| (i) SecondPreceding Collection Period                                                                 |  |  | 1.21%               |  |  |   |
| (ii) Preceding CollectionPeriod                                                                       |  |  | 1.00%               |  |  |   |
| (iii) CurrentCollection Period                                                                        |  |  | 0.81%               |  |  |   |
| (iv) ThreeMonth Average (Avg(i,ii,iii))                                                               |  |  | 1.01%               |  |  |   |
| (C)Loss and Delinquency Trigger Indicator                                                             |  |  | Trigger was nothit. |  |  |   |
|                                                                                                       |

I hereby certify that theservicing report provided is true and accurate to the best of myknowledge.

/s/ Paul C. HondaPaul C.HondaAssistant Vice President, Assistant Secretary and ComplianceOfficer

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