Exhibit
34.1





Report of Independent
Registered Public Accounting Firm





The Board
of Directors


Hyundai
Motor Finance Company:





We have
examined management’s assessment, included in the accompanying Management’s
Assertion on Compliance with Regulation AB Criteria (Management’s Assessment),
that Hyundai Motor Finance Company (the Company) complied with the servicing
criteria set forth in Item 1122(d) of Regulation AB of the Securities and
Exchange Commission (SEC) relating to the servicing of auto receivable backed
security transactions serviced by the Company and 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, as of and for the year ended December 31,
2008.  With respect to applicable servicing criteria 1122(d)(2)(iii)
and 1122(d)(4)(iii), Management’s Assessment indicates that there were no
activities performed during the year ended December 31, 2008 with respect to the
Platform, because there were no occurrences of events that would require the
Company to perform activities. Management is responsible for the Company’s
compliance with those servicing criteria. Our responsibility is to express an
opinion on management’s assessment about the Company’s compliance 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 Company’s compliance
with the servicing criteria specified above and performing such other procedures
as we considered necessary in the circumstances.  Our examination
included testing selected asset-backed transactions and securities that comprise
the Platform, testing selected servicing activities related to the Platform, and
determining whether the Company processed those selected transactions and
performed those selected activities in compliance with the servicing
criteria.  Furthermore, our procedures were limited to the selected
transactions and servicing activities performed by the Company during the period
covered by this report.  Our procedures were not designed to determine
whether errors may have occurred either prior to or subsequent to our tests that
may have affected the balances or amounts calculated or reported by the Company
during the period covered by this report for the selected transactions or any
other transactions. We believe that our examination provides a reasonable basis
for our opinion.  Our examination does not provide a legal
determination on the Company’s compliance with the servicing
criteria.





As
described in the accompanying Management’s Assessment, for servicing criteria
1122(d)(2)(i) and 1122(d)(4)(iv), the Company has engaged a vendor (the Vendor)
to perform specific, limited, or scripted activities required by these servicing
criteria. The Company has determined that the Vendor is not considered a
“servicer” as defined in Item 1101(j) of Regulation AB, and the Company has
elected to take responsibility for assessing compliance with the servicing
criteria applicable to the Vendor as permitted by Interpretation 17.06 of the
SEC Division of Corporation Finance Manual of Publicly Available Telephone
Interpretations (Interpretation 17.06).  As permitted by Interpretation
17.06, the Company has asserted that it has policies and procedures in place
designed to provide reasonable assurance that the Vendor activities comply in
all material respects with the servicing criteria applicable to the Vendor.
 The Company is solely responsible for determining that it meets the SEC
requirements to apply Interpretation 17.06 for the Vendor and related criteria
as described in its assertion, and we performed no procedures with respect to
the Company’s eligibility to apply Interpretation 17.06.








In our
opinion, management’s assessment that Hyundai Motor Finance Company complied
with the aforementioned servicing criteria, including servicing criteria
1122(d)(2)(i) and 1122(d)(4)(iv), for which compliance is determined based on
Interpretation 17.06 as described above, is fairly stated as of and for the year
ended December 31, 2008, in all material respects.











/s/ KPMG
LLP







Costa
Mesa, California


March 23,
2009