Exhibit 33.1

 

**Management’s Assessment on Compliancewith SEC Regulation AB Criteria**

 

Management of Hyundai Capital America (theCompany) is responsible for assessing compliance with the applicable servicing criteria set forth in Item 1122(d) of RegulationAB of the Securities and Exchange Commission relating to the servicing of auto receivable backed security transactions issued onor 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 withrespect to the Platform (the Applicable Servicing Criteria) as of and for the year ended December 31, 2016 (the Reporting Period).With respect to Applicable Servicing Criteria 1122(d)(2)(iii) and 1122(d)(4)(iii), there were no activities performed during theyear ended December 31, 2016 with respect to the Platform, because there were no occurrences of events that would require the Companyto perform such activities. Appendix A identifies the individual asset-backed transactions and securities defined by managementas 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. TheCompany’s management has determined that none of these vendors is considered a “servicer” as defined in Item1101(j) of Regulation AB, and the Company’s management has elected to take responsibility for assessing compliance with theservicing 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 providereasonable assurance that the vendors’ activities comply in all material respects with the servicing criteria applicableto each vendor. The Company’s management is solely responsible for determining that it meets the SEC requirements to applyC&DI 200.06 for the vendors and related criteria.

 

The Company’s management has assessedthe Company’s compliance with the applicable servicing criteria as of and for the year ended December 31, 2016. In makingthis assessment, management used the criteria set forth by the Securities and Exchange Commission in paragraph (d) of Item 1122of Regulation AB.

 

Based on such assessment, management believesthat, as of and for the year ended December 31, 2016, the Company has complied in all material respects with the servicing criteriaset 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 assessmentof compliance with the Applicable Servicing Criteria as of and for the year ended December 31, 2016.

 

 

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**Appendix A:**

 

Hyundai Auto Receivables Trust 2012-A

Hyundai Auto Receivables Trust 2012-B

Hyundai Auto Receivables Trust 2012-C

Hyundai Auto Receivables Trust 2013-A

Hyundai Auto Receivables Trust 2013-B

Hyundai Auto Receivables Trust 2013-C

Hyundai Auto Receivables Trust 2014-A

Hyundai Auto Receivables Trust 2014-B

Hyundai Auto Receivables Trust 2015-A

Hyundai Auto Receivables Trust 2015-B

Hyundai Auto Receivables Trust 2015-C

Hyundai Auto Receivables Trust 2016-A

Hyundai Auto Receivables Trust 2016-B

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