Exhibit 34.1





Report of Independent Registered Public Accounting Firm








The Board of Directors


Hyundai Capital America:





We have examined management’s assessment, included in the accompanying Management’s Assertion on Compliance with Regulation AB Criteria (Management’s Assessment), that Hyundai Capital America (the Company) complied with the servicing criteria set forth in Item 1122(d) of the Securities and Exchange Commission’s (SEC) Regulation AB relating to the servicing of auto receivable backed security transactions serviced by the Company 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, 2010. 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, 2010 with respect to the Platform, because there was no occurrences of the events that would require the Company to perform activities. Management is responsible for the Company’s compliance with the 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’s 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 Capital America 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, 2010, in all material respects.









/s/ KPMG LLP




Los Angeles, California


March 18, 2011