UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, 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, 2016



| |  ̈ | 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 333-205844-01    
|----------------------------------------------------------
|Central Index Key Number of Issuing Entity 0001668589     
|                                                          
|Hyundai Auto Receivables Trust 2016-A                     
|(Exact Name of Issuing Entity as Specified in its Charter)
|                                                          
|Commission File Number of Depositor 333-205844            
|Central Index Key Number of Depositor 0001260125          
|                                                          
|Hyundai ABS Funding, LLC                                  
|(Exact Name of Depositor as Specified in its Charter)     
|                                                          
|Central Index Key Number of Sponsor 0001541028            
|                                                          
|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 x 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 x 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. xYes
 ̈ 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). x
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. x



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 x                       | 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 x 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
| | --- | -------------------------



Item 1B. Unresolved Staff Comments



None.



Item 4. Mine Safety Disclosures



Not applicable.



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, Related Stockholder Matters and Issuer Purchases of Equity Securities.
| | --- | ---------------------------------------------------------------------------------------------------------------------

| | (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, 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.



The Indenture Trustee is Citibank, N.A.,
a national banking association and wholly owned subsidiary of Citigroup Inc., a Delaware corporation. Citibank, N.A. performs as
Indenture Trustee through the Agency and Trust line of business, a part of Issuer Services. Citibank, N.A. has primary corporate
trust offices located in both New York and London. Citibank, N.A. is a leading provider of corporate trust services offering a
full range of agency, fiduciary, tender and exchange, depositary and escrow services. As of the end of the fourth quarter of 2016,
Citibank's Agency and Trust group manages in excess of $4.9 trillion in fixed income and equity investments on behalf of over 2,500
corporations worldwide. Since 1987, Citibank Agency and Trust has provided corporate trust services for asset-backed securities
containing pool assets consisting of airplane leases, auto loans and leases, boat loans, commercial loans, commodities, credit
cards, durable goods, equipment leases, foreign securities, funding agreement backed note programs, truck loans, utilities, student
loans and commercial and residential mortgages. As of the end of the fourth quarter of 2016, Citibank, N.A. acts as indenture trustee
and/or paying agent for approximately 217 various asset backed trusts supported by either auto loans or leases or equipment loans
or leases.



Citibank, N.A. ("Citibank") is
acting as Indenture Trustee of these ABS transactions. In the ordinary course of business, Citibank is involved in a number of
legal proceedings, including in connection with its role as trustee of certain RMBS transactions. Certain of these Citibank as
trustee-related matters are disclosed herein.











On June 18, 2014, a civil action was filed
against Citibank in the Supreme Court of the State of New York by a group of investors in 48 private-label RMBS trusts for which
Citibank allegedly serves or did serve as trustee, asserting claims for purported violations of the Trust Indenture Act of 1939
(the "Trust Indenture Act"), breach of contract, breach of fiduciary duty and negligence based on Citibank's alleged
failure to perform its duties as trustee for the 48 RMBS trusts. On November 24, 2014, plaintiffs sought leave to withdraw this
action. On the same day, a smaller subset of similar plaintiff investors in 27 private-label RMBS trusts for which Citibank allegedly
serves or did serve as trustee, filed a new civil action against Citibank in the United States District Court for the Southern
District of New York asserting similar claims as the prior action filed in state court. In January 2015, the court closed plaintiffs'
original state court action. Citibank's motion to dismiss the federal complaint was fully briefed as of May 13, 2015. On September
8, 2015, the federal court dismissed all claims as to 24 of the 27 trusts and allowed certain of the claims to proceed as to the
other three trusts. Subsequently, plaintiffs voluntarily dismissed all claims with respect to two of the three trusts. This case
is still pending as to the one remaining trust at issue.



On November 24, 2015, the same investors
that brought the federal case brought a new civil action in the Supreme Court of the State of New York related to 25 private-label
RMBS trusts for which Citibank allegedly serves or did serve as trustee. This case includes the 24 trusts previously dismissed
in the federal action, and one additional trust. The investors assert claims for breach of contract, breach of fiduciary duty,
breach of duty to avoid conflicts of interest, and violation of New York's Streit Act (the "Streit Act"). Citibank's
motion to dismiss was fully briefed as of April 15, 2016. Following oral argument on Citibank's motion to dismiss, Plaintiffs filed
an amended complaint on August 5, 2016. Citibank filed a motion to dismiss the amended complaint on September 9, 2016, and all
briefing on the motion was completed as of October 21, 2016. We await a decision from the Court.



On August 19, 2015, the Federal Deposit
Insurance Corporation (FDIC) as Receiver for a financial institution filed a civil action against Citibank in the Southern District
of New York. This action relates to one private-label RMBS trust for which Citibank formerly served as trustee. FDIC asserts claims
for breach of contract, violation of the Streit Act, and violation of the Trust Indenture Act. Citibank jointly briefed a motion
to dismiss with The Bank of New York Mellon and U.S. Bank, entities that have also been sued by FDIC in their capacity as trustee,
and whose cases are also in front of Judge Carter. Defendants' joint motion to dismiss was fully briefed as of March 22, 2016.
On September 30, 2016, the Court granted Citibank's motion to dismiss the complaint without prejudice for lack of subject matter
jurisdiction. On October 14, 2016, FDIC filed a motion for reargument or relief from judgment from the Court's dismissal order.
On October 25, 2016, the court granted leave for defendants to file an opposition brief. Defendants filed their opposition on November
15, 2016 and Plaintiff filed its reply brief on November 22, 2016. We await a decision from the Court on plaintiff’s motion.



There can be no assurances as to the outcome
of litigation or the possible impact of litigation on the trustee or the RMBS trusts. However, Citibank denies liability and continues
to vigorously defend against these litigations. Furthermore, neither the above-disclosed litigations nor any other pending legal
proceeding involving Citibank will materially affect Citibank's ability to perform its duties as Indenture Trustee under the Sale
and Servicing Agreements for these ABS transactions.



No other legal proceedings are pending, and
no legal proceedings are known to be contemplated by governmental authorities, against any of Hyundai Capital America (the “Sponsor”
and “Servicer”), Hyundai ABS Funding, LLC (the “Depositor”), Citibank, N.A. (the “Indenture Trustee”)
or Hyundai Auto Receivables Trust 2016-A (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. None of the Servicing Reports prepared by any of the Servicing Parties, and none
of the related Attestation Reports, has identified any material instance of noncompliance with the servicing criteria applicable
to the respective Servicing Party.



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.



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.



Item 16. Form 10–K Summary.



Not applicable.











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.











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 22, 2017 | HYUNDAI ABS FUNDING, LLC
|--------------------- | ------------------------



| | By: | /s/ Charley Changmin Yoon                                    
| | --- | -------------------------------------------------------------
| |     | Name: Charley Changmin Yoon                                  
| |     | Title: President and Secretary                               
| |     | (senior officer in charge of securitization of the depositor)











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         |  | Certificate of Formation of Hyundai ABS Funding, LLC (incorporated by reference to Exhibit 3.1 to Amendment No. 2 to the Form SF-3 of Hyundai ABS Funding, LLC, filed with the Securities and Exchange Commission on December 23, 2015, File No. 333-205844)                                                                                                                       
|            |  |                                                                                                                                                                                                                                                                                                                                                                                    
|3.2         |  | Limited Liability Company Agreement of Hyundai ABS Funding, LLC (incorporated by reference to Exhibit 3.2 to Amendment No. 2 to the Form SF-3 of Hyundai ABS Funding, LLC, filed with the Securities and Exchange Commission on December 23, 2015, File No. 333-205844)                                                                                                            
|            |  |                                                                                                                                                                                                                                                                                                                                                                                    
|4.1         |  | Indenture, dated as of March 30, 2016, by and between the Issuing Entity and the Indenture Trustee (incorporated by reference to Exhibit 4.1 of Form 8-K, filed with the Securities and Exchange Commission on March 31, 2016, File No. 333-205844-01)                                                                                                                             
|            |  |                                                                                                                                                                                                                                                                                                                                                                                    
|10.1        |  | Receivables Purchase Agreement, dated as of March 30, 2016, by and between Hyundai Capital America, as seller, and Hyundai ABS Funding, LLC, as depositor (incorporated by reference to Exhibit 10.1 of Form 8-K, filed with the Securities and Exchange Commission on March 31, 2016, File No. 333-205844-01)                                                                     
|            |  |                                                                                                                                                                                                                                                                                                                                                                                    
|10.2        |  | Sale and Servicing Agreement, dated as of March 30, 2016, by and among the Issuing Entity, as issuer, Hyundai ABS Funding, LLC, 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 March 31, 2016, File No. 333-205844-01)      
|            |  |                                                                                                                                                                                                                                                                                                                                                                                    
|10.3        |  | Owner Trust Administration Agreement, dated as of March 30, 2016, 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 March 31, 2016, File No. 333-205844-01)                                            
|            |  |                                                                                                                                                                                                                                                                                                                                                                                    
|10.4        |  | Amended and Restated Trust Agreement, dated as of March 30, 2016, by and between Hyundai ABS Funding, LLC, as depositor, U.S. Bank Trust National Association, as owner trustee, and Hyundai Capital America, as administrator (incorporated by reference to Exhibit 10.4 of Form 8-K, filed with the Securities and Exchange Commission on March 31, 2016, File No. 333-205844-01)
|            |  |                                                                                                                                                                                                                                                                                                                                                                                    
|10.5        |  | Asset Representations Review Agreement, dated as of March 30, 2016, by and among the Issuing Entity, as issuer, Hyundai Capital America, as servicer, and Clayton Fixed Income Services LLC, as asset representations reviewer (incorporated by reference to Exhibit 10.5 of Form 8-K, filed with the Securities and Exchange Commission on March 31, 2016, File No. 333-205844-01)
|            |  |                                                                                                                                                                                                                                                                                                                                                                                    
|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 SEC Regulation AB Criteria (Hyundai Capital America)                                                                                                                                                                                                                                                                                    
|            |  |                                                                                                                                                                                                                                                                                                                                                                                    
|33.2        |  | Management’s Assessment of Compliance (Citibank, N.A.)                                                                                                                                                                                                                                                                                                                             
|            |  |                                                                                                                                                                                                                                                                                                                                                                                    
|34.1        |  | Attestation Report of KPMG LLP on Management’s Assessment on Compliance with SEC Regulation AB Criteria relating to Hyundai Capital America                                                                                                                                                                                                                                        
|            |  |                                                                                                                                                                                                                                                                                                                                                                                    
|34.2        |  | Attestation Report of KPMG LLP on Management’s Assessment of Compliance relating to Citibank, N.A.                                                                                                                                                                                                                                                                                 
|            |  |                                                                                                                                                                                                                                                                                                                                                                                    
|35.1        |  | Annual Servicer’s Compliance Certificate