Exhibit 33.1



Management’s Assessment on Compliance
with SEC Regulation AB Criteria



Management of Hyundai Capital America (the
Company) is responsible for assessing compliance with the applicable servicing criteria set forth in Item 1122(d) of Regulation
AB of the Securities and Exchange Commission relating to the servicing of auto receivable backed security transactions issued on
or after January 1, 2006 (the Platform), except for servicing criteria 1122(d)(1)(iii)-(iv), 1122(d)(2)(iv), 1122(d)(3)(iii)-(iv),
1122(d)(4)(ix)-(xiii), and 1122(d)(4)(xv), which the Company has determined are not applicable to the activities it performs with
respect to the Platform (the Applicable Servicing Criteria) as of and for the year ended December 31, 2019 (the Reporting Period).
With respect to Applicable Servicing Criteria 1122(d)(2)(iii) and 1122(d)(4)(iii), there were no activities performed during the
year ended December 31, 2019 with respect to the Platform because there were no occurrences of events that would require the Company
to perform such activities. Appendix A identifies the individual asset-backed transactions and securities defined by management
as constituting the Platform.



With respect to servicing criteria 1122(d)(2)(i)
and 1122(d)(4)(iv), management has engaged various vendors to perform the activities required by these servicing criteria. The
Company’s management has determined that none of these vendors is considered a “servicer,” as defined in Item
1101(j) of Regulation AB, and the Company’s management has elected to take responsibility for assessing compliance with the
servicing criteria applicable to each vendor as permitted by the SEC’s Compliance and Disclosure Interpretation (“C&DI”)
200.06, Vendors Engaged by Servicers(C&DI 200.06). Management has policies and procedures in place designed to provide
reasonable assurance that the vendors’ activities comply in all material respects with the servicing criteria applicable
to each vendor. The Company’s management is solely responsible for determining that it meets the SEC requirements to apply
C&DI 200.06 for the vendors and related criteria.



The Company’s management has assessed
the Company’s compliance with the applicable servicing criteria as of and for the year ended December 31, 2019. In making
this assessment, management used the criteria set forth by the Securities and Exchange Commission in paragraph (d) of Item 1122
of Regulation AB.



Based on such assessment, management believes
that, as of and for the year ended December 31, 2019, the Company has complied in all material respects with the servicing criteria
set forth in Item 1122(d) of Regulation AB of the Securities and Exchange Commission relating to the servicing of the Platform.



KPMG LLP, an independent registered public
accounting firm, has issued an attestation report with respect to management’s assessment of compliance with the Applicable
Servicing Criteria as of and for the year ended December 31, 2019.



| | /s/ Keun Bae Hong                            
| | ---------------------------------------------
| | Keun Bae Hong
        Chief Financial Officer
| |                                              
| | March 13, 2020                               
| | Date                                         













Appendix A:



Hyundai Auto Receivables Trust 2015-C

Hyundai Auto Receivables Trust 2016-A

Hyundai Auto Receivables Trust 2016-B

Hyundai Auto Receivables Trust 2017-A

Hyundai Auto Receivables Trust 2017-B

Hyundai Auto Receivables Trust 2018-A

Hyundai Auto Receivables Trust 2018-B

Hyundai Auto Receivables Trust 2019-A

Hyundai Auto Receivables Trust 2019-B