UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549——————FORM 10-K——————

(Mark One)



| | x | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
| | - | ------------------------------------------------------------------------------------



For the fiscal year ended December 31, 2011



| | o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
| | - | ----------------------------------------------------------------------------------------



For the transition period from __________________________
to ___________________________



Commission File Number of Issuing Entity
333-144832-05



Hyundai Auto Receivables Trust 2010-B

(Exact Name of Issuing Entity as Specified
in its Charter)



Commission File Number of Depositor 333-144832



Hyundai ABS Funding Corporation

(Exact Name of Depositor as Specified in
its Charter)



Hyundai Capital America

(Exact Name of Sponsor as Specified in its
Charter)



|Delaware                                                         |  | 33-0978453                                            
|---------------------------------------------------------------- |  | ------------------------------------------------------
|(State or Other Jurisdiction of Incorporation of the Registrant) |  | (I.R.S. Employer Identification No. of the Registrant)







|c/o 3161 Michelson Drive, Irvine, California           |  | 92612                   
|------------------------------------------------------ |  | ------------------------
|(Address of Principal Executive Offices of Registrant) |  | (Zip Code of Registrant)





|(949) 732-2697                                     
|---------------------------------------------------
|(Registrant’s telephone number including area code)



Securities registered pursuant to Section
12(b) of the Act:



|Title of each class |  | Name of each exchange on which registered
|------------------- |  | -----------------------------------------
|None                |  | None                                     











Securities registered pursuant to Section
12(g) of the Act: None.



Indicate by check mark if the registrant is
a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.	 ̈
Yes ý No



Indicate by check mark if the registrant is
not required to file reports pursuant to Section 13 or Section 15(d) of the Act.	 ̈
Yes ý No



Indicate by check mark whether the registrant
(1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. ý Yes  ̈
No



Indicate by check mark whether the registrant
(1) has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted
and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant
was required to submit and post such files).  ̈ Yes  ̈
No



Indicate by check mark if disclosure of delinquent
filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained,
to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III
of this Form 10-K or any amendment to this Form 10-K. ý



Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of
“large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2
of the Exchange Act. (Check one):



|Large Accelerated filer  ̈ | Accelerated filer  ̈        
|------------------------- | ---------------------------
|Non-accelerated filer ý   | Smaller reporting company  ̈

(Do not check if a smaller reporting company)



Indicate by check mark whether the registrant
is a shell company (as defined in Rule 12b-2 of the Exchange Act).  ̈ Yes ý
No



State the aggregate market value of the voting
and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold,
or the average bid and asked price of such common equity, as of the last business day of the registrant’s most recently completed
second fiscal quarter. Not applicable.



Indicate the number of shares outstanding
of each of the registrant’s classes of common stock, as of the latest practicable date. Not applicable.



Documents
incorporated by reference











List hereunder the following documents if
incorporated by reference and the Part of the Form 10-K (e.g., Part I, Part II, etc.) into which the document is incorporated:
(1) Any annual report to security holders; (2) Any proxy or information statement; and (3) Any prospectus filed pursuant to Rule
424(b) or (c) under the Securities Act of 1933. The listed documents should be clearly described for identification purposes (e.g.,
annual report to security holders for fiscal year ended December 24, 1980). None.











PART I



THE FOLLOWING ITEMS HAVE BEEN OMITTED IN
ACCORDANCE WITH GENERAL INSTRUCTION J(1) TO FORM 10−K:



| | (A) | Item 1. Business
| | --- | ----------------

| | (B) | Item 1A. Risk Factors
| | --- | ---------------------

| | (C) | Item 2. Properties
| | --- | ------------------

| | (D) | Item 3. Legal Proceedings
| | --- | -------------------------

| | (E) | Item 4. Mine Safety Disclosures
| | --- | -------------------------------



Item 1B. Unresolved Staff Comments



None.



PART II



THE FOLLOWING
ITEMS HAVE BEEN OMITTED IN ACCORDANCE WITH GENERAL INSTRUCTION J(1) TO FORM 10−K.



| | (A) | Item 5. Market for Registrant’s Common Equity and Related Stockholder Matters.
| | --- | ------------------------------------------------------------------------------

| | (B) | Item 6. Selected Financial Data.
| | --- | --------------------------------

| | (C) | Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.
| | --- | ----------------------------------------------------------------------------------------------

| | (D) | Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
| | --- | --------------------------------------------------------------------

| | (E) | Item 8. Financial Statements and Supplementary Data.
| | --- | ----------------------------------------------------

| | (F) | Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.
| | --- | ---------------------------------------------------------------------------------------------

| | (G) | Item 9A. Controls and Procedures.
| | --- | ---------------------------------



Item 9B.	Other
Information.



None.



PART III



THE FOLLOWING ITEMS HAVE BEEN OMITTED IN
ACCORDANCE WITH GENERAL INSTRUCTION J(1) TO FORM 10−K.



| | (A) | Item 10. Directors and Executive Officers and Corporate Governance.
| | --- | -------------------------------------------------------------------

| | (B) | Item 11. Executive Compensation.
| | --- | --------------------------------

| | (C) | Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.
| | --- | --------------------------------------------------------------------------------------------------------

| | (D) | Item 13. Certain Relationships and Related Transactions, and Director Independence.
| | --- | -----------------------------------------------------------------------------------

| | (E) | Item 14. Principal Accounting Fees and Services.
| | --- | ------------------------------------------------











SUBSTITUTE INFORMATION PROVIDED IN ACCORDANCE
WITH GENERAL INSTRUCTION J(2) TO FORM 10-K:



Item 1112(b) of Regulation AB. Significant
obligors of pool assets (Financial Information):



Not applicable.



Item 1114(b)(2) of Regulation AB. Credit
Enhancement and Other Support, Except for Certain Derivatives Instruments (Financial Information).



Not applicable.



Item 1115(b) of Regulation AB. Certain
Derivatives Instruments (Financial Information).



Not applicable.



Item 1117 of Regulation AB. Legal Proceedings.



No legal proceedings are pending or known
to be contemplated by governmental authorities against any of Hyundai Capital America (the “Sponsor” and “Servicer”),
Hyundai ABS Funding Corporation (the “Depositor”), Wells Fargo Bank, National Association (the “Indenture Trustee”)
or Hyundai Auto Receivables Trust 2010-B (the “Issuing Entity”), or of which any property of the foregoing is the subject,
that are material to holders of the asset-backed notes or the certificates.



Item 1119 of Regulation AB. Affiliations
and Certain Relationships and Related Transactions.



Information contemplated by Item 1119 of Regulation
AB has been omitted from this report on Form 10-K in reliance on Instruction to Item 1119 of Regulation AB.



Item 1122 of Regulation AB. Compliance
with Applicable Servicing Criteria



The Servicer and the
Indenture Trustee (together, the “Servicing Parties”) have each been identified by the registrant as parties participating
in the servicing function with respect to the asset pool held by the Issuing Entity.  Each of the Servicing Parties has completed
a report on an assessment of compliance with the servicing criteria applicable to it (each, a “Servicing Report”),
which Servicing Reports are attached as exhibits to this Form 10-K. In addition, each of the Servicer and the Indenture Trustee
has provided an attestation report (each, an "Attestation Report") by one or more independent registered public accounting
firms, which reports are also attached as exhibits to this Form 10-K. Neither the Servicer’s Servicing Report nor the Servicer’s
Attestation Report has identified any material instance of noncompliance with the servicing criteria applicable to the Servicer.
The Servicing Report prepared by the Indenture Trustee identified two material instances of noncompliance. Those material instances
of noncompliance are as follows:



•With
respect to servicing criterion 1122(d)(3)(i)(B), certain reports to investors did not provide information calculated in accordance
with the terms specified in the transaction agreements.











•	With respect
to servicing criterion 1122(d)(3)(ii), certain amounts due to investors were not allocated and remitted in accordance with timeframes,
distribution priority and other terms set forth in the transaction agreements.





Item 1123 of Regulation AB. Servicer Compliance
Statement.



The Servicer has been identified by the registrant
as a servicer with respect to the asset pool held by the Issuing Entity. The Servicer has completed a statement of compliance with
applicable servicing agreement (a “Compliance Statement”) signed by an authorized officer of the Servicer. The Compliance
Statement is attached as an exhibit to this Form 10-K.



Supplemental
information to be furnished with Reports Filed Pursuant to Section 15(d)
of the Act by Registrants which have not Registered Securities Pursuant to Section 12 of the Act.



No annual report, proxy statement, form of
proxy or other proxy soliciting material has been sent to the registrant’s securityholders, and the registrant does not presently
contemplate sending any such materials subsequent to the filing of this report.





PART IV



Item 15. Exhibits, Financial Statement
Schedules.



(a) List of Documents Filed as Part of this
Report



(1) Not applicable.

(2) Not applicable.

(3) The exhibits filed in response
to Item 601 of Regulation S-K are listed in the Exhibit Index.



(b) The exhibits filed in response to Item
601 of Regulation S-K are listed in the Exhibit Index.



(c) Not applicable.











SIGNATURE





Pursuant to the requirements of Section 13
or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.





|Dated:
March 28, 2012 | HYUNDAI ABS FUNDING CORPORATION
|--------------------- | -------------------------------
|                      |                                
|                      | By:                            
|                      |                                















EXHIBIT INDEX



The following exhibits
are filed as part of this annual report or, where indicated, were heretofore filed and are hereby incorporated by reference.







|Exhibit No. |                                                                                                                                                                                                                                                                                                                                                                                       
|----------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|3.1         | Amended and Restated Certificate of Incorporation of Hyundai ABS Funding Corporation (incorporated by reference to Exhibit 3.1 to Amendment No. 1 to the Form S-3 of Hyundai ABS Funding Corporation, filed with the Securities and Exchange Commission on July 30, 2004, File No. 333-117398)                                                                                        
|3.2         | Bylaws of Hyundai ABS Funding Corporation (incorporated by reference to Exhibit 3.2 to Amendment No. 1 to the Form S-3 of Hyundai ABS Funding Corporation filed with the Securities and Exchange Commission on July 30, 2004, File No. 333-117398)                                                                                                                                    
|4.1         | Amended and Restated Trust Agreement, dated as of August 26, 2010, by and between Hyundai ABS Funding Corporation, as depositor, Wilmington Trust Company, as owner trustee, and Hyundai Capital America, as administrator (incorporated by reference to Exhibit 4.1 of Form 8-K, filed with the Securities and Exchange Commission on August 27, 2010, File No. 333-144832-05)       
|4.2         | Indenture, dated as of August 26, 2010, by and between the Issuing Entity and the Indenture Trustee (incorporated by reference to Exhibit 4.2 of Form 8-K, filed with the Securities and Exchange Commission on August 27, 2010, File No. 333-144832-05)                                                                                                                              
|10.1        | Receivables Purchase Agreement, dated as of August 26, 2010, by and between Hyundai Capital America, as seller, and Hyundai ABS Funding Corporation, as depositor (incorporated by reference to Exhibit 10.1 of Form 8-K, filed with the Securities and Exchange Commission on August 27, 2010, File No. 333-144832-05)                                                               
|10.2        | Sale and Servicing Agreement, dated as of August 26, 2010, by and among the Issuing Entity, as issuer, Hyundai ABS Funding Corporation, as depositor, Hyundai Capital America, as seller and servicer, and the Indenture Trustee (incorporated by reference to Exhibit 10.2 of Form 8-K, filed with the Securities and Exchange Commission on August 27, 2010, File No. 333-144832-05)
|10.3        | Owner Trust Administration Agreement, dated as of August 26, 2010, by and among the Issuing Entity, as issuer, Hyundai Capital America, as administrator, and the Indenture Trustee (incorporated by reference to Exhibit 10.3 of Form 8-K, filed with the Securities and Exchange Commission on August 27, 2010, File No. 333-144832-05)                                             
|31.1        | Certification of senior officer in charge of securitization of the depositor pursuant to Section 302 of the Sarbanes-Oxley Act of 2002                                                                                                                                                                                                                                                
|33.1        | Management’s Assessment on Compliance with Regulation AB Criteria (Hyundai Capital America)                                                                                                                                                                                                                                                                                           
|33.2        | Assessment of Compliance with the Applicable Servicing Criteria (Wells Fargo Bank, National Association)                                                                                                                                                                                                                                                                              
|34.1        | Attestation Report of KPMG LLP on Management’s Assertion of Compliance with Regulation AB Criteria relating to Hyundai Capital America                                                                                                                                                                                                                                                
|34.2        | Attestation Report of KPMG LLP on Assessment of Compliance with the Applicable Servicing Criteria relating to Wells Fargo Bank, National Association                                                                                                                                                                                                                                  
|35.1        | Annual Servicer’s Compliance Certificate