Exhibit 34.2



REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM



To
the Audit and Finance Committee of the Board of Directors
MUFG Americas Holdings Corporation
San Francisco, California



We
have examined management’s assertion, included in the accompanying Management’s Report on Assessment of Compliance
with Securities and Exchange Commission (SEC) Regulation AB Servicing Criteria, that MUFG Union Bank, N.A. (the “Bank”),
a wholly owned subsidiary of MUFG Americas Holdings Corporation, complied with the servicing criteria set forth in Item 1122(d) of
the SEC’s Regulation AB for the asset-backed securities transactions which includes the auto retail installment contracts
serviced by American Honda Finance Corporation (the “Platform”) as of March 31, 2016 and for the period from April 1,
2015 to March 31, 2016, excluding criteria 1122(d) 1(i), 1(ii), 1(iii), 1(iv), 1(v),
2(i), 2(iii), 2(iv), 2(v), 2(vi), 2(vii), 3(i), 4(i), 4(ii), 4(iii), 4(iv), 4(v), 4(vi), 4(vii), 4(viii), 4(ix), 4(x), 4(xi),
4(xii), 4(xiii), 4(xiv), and 4(xv), which management has determined are not applicable to the activities performed by the Bank
with respect to the Platform. Appendix A to management's assertion identifies the individual asset-backed transactions defined
by management as constituting the Platform.Management is responsible for the Bank’s compliance with the servicing
criteria other than allocating amounts due to investors with regards to servicing criterion 1122(d)(3)(ii). Our responsibility
is to express an opinion on management’s assertion about the Bank’s compliance with the servicing criteria based on
our examination.



Our
examination was conducted in accordance with the standards of the Public Company Accounting Oversight Board (United States) and,
accordingly, included examining, on a test basis, evidence about the Bank’s compliance with the applicable servicing criteria,
including tests on a sample basis of the servicing activities related to the Platform, determining whether the Bank performed
those selected activities in compliance with the servicing criteria during the specified period, and performing such other procedures
as we considered necessary in the circumstances. Our procedures were limited to selected servicing activities performed by the
Bank during the period covered by this report and, accordingly, such samples may not have included servicing activities related
to each asset-backed transaction included in the Platform. Further, an examination is not designed to detect noncompliance arising
from errors that may have occurred prior to the period specified above that may have affected the balances or amounts calculated
or reported by the Bank during the period covered by this report. We believe that our examination provides a reasonable basis
for our opinion. Our examination does not provide a legal determination on the Bank’s compliance with the servicing criteria.



In
our opinion, management’s assertion that the Bank complied with the aforementioned applicable servicing criteria as of March
31, 2016, and for the period from April 1, 2015 to March 31, 2016, for the Platform is fairly stated, in all material respects.



/s/
Deloitte & Touche LLP



May 27,
2016