UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549












FORM 10-K










ANNUAL REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934



(Mark One)



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



For the fiscal
year ended March 31, 2017



OR



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



For the transition
period from  to










333-183223-11(Commission File Number of issuing entity)

Honda Auto Receivables 2015-2 Owner Trust

(Exact name of issuing entity specified in
its charter)

Central Index Key Number of issuing entity:
0001641204



333-183223(Commission File Number of depositor)

American Honda Receivables LLC

(Exact name
of depositor as specified in its charter)Central Index Key Number of depositor: 0000890975



American Honda Finance Corporation

(Exact name
of sponsor as specified in its charter)Central Index Key Number of sponsor: 0000864270



|Delaware                                                           | 47-6948864                          
|------------------------------------------------------------------ | ------------------------------------
|(State or other jurisdiction of organizationof the issuing entity) | (I.R.S. Employer Identification No.)



|c/o American Honda Receivables LLC
        20800 Madrona Avenue
        Torrance, CA | 90503     
|------------------------------------------------------------------------------------ | ----------
|(Address of principal executive offices of the issuing entity)                       | (Zip Code)



(310) 972-2511

(Telephone number, including area code)










Securities registered pursuant to Section 12(b)
of the Act: 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  ̈ No x



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  ̈ No x



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. Yes x No  ̈



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



|Large Accelerated Filer  ̈ | Accelerated Filer  ̈        
|------------------------- | ---------------------------
|                          |                            
|Non-Accelerated Filer x   | Smaller Reporting Company  ̈
|                          |                            
|Emerging Growth Company  ̈ |                            



If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act.  ̈



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



Registrant has no voting or non-voting class of common equity outstanding
and held by nonaffiliates as of the date of this report, or as of the last business day of the registrant’s most recently
completed second fiscal quarter.






















PART I



The following items have been omitted in accordance with General
Instruction J 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.
| | -------- | --------------------------



Not applicable



| | Item 4. | Mine Safety Disclosures.
| | ------- | ------------------------



Not applicable



Substitute information provided in accordance with General Instruction
J to Form 10-K:



Item 1112(b) of Regulation AB.    Significant Obligors of Pool Assets
(Financial Information).



No single obligor represents more than 10% of the pool assets held
by Honda Auto Receivables 2015-2 Owner Trust (the “Trust”).



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



No entity or group of affiliated entities provides any external
credit enhancement or other support with respect to either payment on the pool assets held by the Trust or payments on the notes
(the “Notes”) or certificates (the “Certificates”) issued by the Trust.



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



No entity or group of affiliated entities provides any derivative
instruments that are used to alter the payment characteristics of the cashflows from the Trust.



Item 1117 of Regulation AB.    Legal Proceedings.



No legal proceedings are pending, and no proceedings are known to
be contemplated by governmental authorities, against any of the following companies: American Honda Finance Corporation (the “Sponsor”),
American Honda Receivables LLC (the “Depositor”), MUFG Union Bank, N.A. (the “Owner Trustee”), U.S. Bank
Trust National Association (the “Delaware Trustee”) or the Trust, or of which any property of the foregoing is the
subject, that are or would be material to holders of the Notes or the Certificates.



Deutsche Bank Trust Company Americas (the “Indenture Trustee”)
has provided the information contained in the following paragraphs for purposes of compliance with Regulation AB.



“Deutsche Bank Trust Company Americas (“DBTCA”)
and Deutsche Bank National Trust Company (“DBNTC”) have been sued by investors in civil litigation concerning their
role as trustees of certain residential mortgage-backed security (“RMBS”) trusts.



On June 18, 2014, a group of investors, including funds managed
by Blackrock Advisors, LLC, PIMCO-Advisors, L.P., and others, filed a derivative action against DBNTC and DBTCA in New York State
Supreme Court purportedly on behalf of and for the benefit of 544 private-label RMBS trusts asserting claims for alleged violations
of the U.S. Trust Indenture Act of 1939 (“TIA”), breach of contract, breach of fiduciary duty and negligence based
on DBNTC and DBTCA’s alleged failure to perform their duties as trustees for the trusts. Plaintiffs subsequently dismissed
their state court complaint and filed a derivative and class action complaint in the U.S. District Court for the Southern District
of New York on behalf of and for the benefit of 564 private-label RMBS trusts, which substantially overlapped with the trusts at
issue in



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the state court action. The complaint alleges that the trusts at
issue have suffered total realized collateral losses of U.S. $89.4 billion, but the complaint does not include a demand for money
damages in a sum certain. DBNTC and DBTCA filed a motion to dismiss, and on January 19, 2016, the court partially granted the motion
on procedural grounds: as to the 500 trusts that are governed by Pooling and Servicing Agreements, the court declined to exercise
jurisdiction. The court did not rule on substantive defenses asserted in the motion to dismiss. On March 22, 2016, plaintiffs filed
an amended complaint in federal court. In the amended complaint, in connection with 62 trusts governed by indenture agreements,
plaintiffs assert claims for breach of contract, violation of the TIA, breach of fiduciary duty, and breach of duty to avoid conflicts
of interest. The amended complaint alleges that the trusts at issue have suffered total realized collateral losses of U.S. $9.8
billion, but the complaint does not include a demand for money damages in a sum certain. On July 15, 2016, DBNTC and DBTCA filed
a motion to dismiss the amended complaint. On January 23, 2017, the court granted in part and denied in part DBNTC and DBTCA’s
motion to dismiss. The court granted the motion to dismiss with respect to plaintiffs’ conflict-of-interest claim, thereby
dismissing it, and denied the motion to dismiss with respect to plaintiffs’ breach of contract claim (except as noted below)
and claim for violation of the TIA, thereby allowing those claims to proceed. On January 26, 2017, the parties filed a joint stipulation
and proposed order dismissing plaintiffs’ claim for breach of fiduciary duty. On January 27, 2017, the court entered the
parties’ joint stipulation and ordered that plaintiffs’ claim for breach of fiduciary duty be dismissed. On February
3, 2017, following a hearing concerning DBNTC and DBTCA’s motion to dismiss on February 2, 2017, the court issued a short
form order dismissing (i) plaintiffs’ representation and warranty claims as to 21 trusts whose originators and/or sponsors
had entered bankruptcy and the deadline for asserting claims against such originators and/or sponsors had passed as of 2009 and
(ii) plaintiffs’ claims to the extent they were premised upon any alleged pre-Event of Default duty to terminate servicers.
On March 27, 2017, DBNTC and DBTCA filed an answer to the amended complaint. Discovery is ongoing.



On March 25, 2016, the BlackRock plaintiffs filed a state
court action against DBTCA in the Superior Court of California, Orange County with respect to 513 trusts.  On May 18,
2016, plaintiffs filed an amended complaint with respect to 465 trusts, and included DBNTC as an additional defendant.  The
amended complaint asserts three causes of action:  breach of contract; breach of fiduciary duty; and breach of the duty
to avoid conflicts of interest.  Plaintiffs purport to bring the action on behalf of themselves and all other current
owners of certificates in the 465 trusts.  The amended complaint alleges that the trusts at issue have suffered total
realized collateral losses of U.S. $75.7 billion, but does not include a demand for money damages in a sum certain. On August 22,
2016, DBNTC and DBTCA filed a demurrer as to Plaintiffs’ breach of fiduciary duty cause of action and breach of the duty
to avoid conflicts of interest cause of action and motion to strike as to Plaintiffs’ breach of contract cause of action.
On October 18, 2016, the court granted DBNTC and DBTCA’s demurrer, providing Plaintiffs with thirty days’ leave to
amend, and denied DBNTC and DBTCA’s motion to strike. Plaintiffs did not further amend their complaint and, on December 19,
2016, DBNTC and DBTCA filed an answer to the amended complaint. Discovery is ongoing.



On December 30, 2015, IKB International, S.A. in Liquidation and
IKB Deutsche Industriebank A.G. (collectively, “IKB”), as an investor in 37 RMBS trusts, filed a summons with notice
in the Supreme Court of the State of New York, New York County, against DBNTC and DBTCA as trustees of the trusts.  On May
27, 2016, IKB served its complaint asserting claims for breach of contract, breach of fiduciary duty, breach of duty to avoid conflicts
of interest, violation of New York’s Streit Act, violation of the TIA, violation of Regulation AB, and violation of Section
9 of the Uniform Commercial Code.  IKB alleges that DBNTC and DBTCA are liable for over U.S. $268 million in damages. On October
5, 2016, DBNTC and DBTCA, together with several other trustees defending lawsuits by IKB, filed a joint motion to dismiss. On January
6, 2017, IKB filed a notice of discontinuance, voluntarily dismissing with prejudice all claims as to three trusts. As of January
17, 2017, DBNTC and DBTCA’s motion to dismiss has been briefed and is awaiting decision by the court. Certain limited discovery
is permitted to go forward while the motion to dismiss is pending.



It is DBTCA’s belief that it has no pending legal proceedings
(including, based on DBTCA’s present evaluation, the litigation disclosed in the foregoing paragraphs) that would materially
affect its ability to perform its duties as indenture trustee for this transaction.”



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PART II



The following items have been omitted in accordance with General
Instruction J 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.
| | -------- | ------------------



Not applicable.



PART III



The following items have been omitted in accordance with General
Instruction J 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 Accountant Fees and Services
| | --- | -----------------------------------------------



Substitute information provided in accordance with General Instruction
J to Form 10-K:



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



The information required by Item 1119 of Regulation AB has been
omitted from this report on Form 10-K in reliance on the Instruction to Item 1119.



Item 1122 of Regulation AB.    Compliance with Applicable Servicing
Criteria.



The Sponsor (in its role as servicer) and the Indenture Trustee
(together, the “Servicing Parties”) have each been identified by the registrant as a party participating in the servicing
function with respect to the asset pool held by the Trust. 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 Servicing Parties has provided an attestation report (each, an
“Attestation Report”) by one or more registered public accounting firms, which Attestation Reports are also attached
as exhibits to this Form 10-K. Neither of the Servicing Reports prepared by the Sponsor or the Indenture Trustee, or the Attestation
Reports provided by the Sponsor or the Indenture Trustee, 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 Sponsor (in its role as servicer) has been identified by the
registrant as a servicer with respect to the asset pool held by the Trust. The Sponsor has completed a statement of compliance
with applicable servicing criteria (a “Compliance Statement”), signed by an authorized officer of the Sponsor. The
Compliance Statement is attached as an exhibit to this Form 10-K.



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PART IV



| | Item 15. | Exhibits and Financial Statement Schedules.
| | -------- | -------------------------------------------



| | (a)(1) | Not applicable.
| | ------ | ---------------



| | (a)(2) | Not applicable.
| | ------ | ---------------



| | (a)(3) | The exhibits filed in response to Item 601 of Regulation S-K are listed in Item 15(b) below.
| | ------ | --------------------------------------------------------------------------------------------



| | (b) | Exhibits required by Item 601 of Regulation S-K.
| | --- | ------------------------------------------------



The exhibits listed below are either included
or incorporated by reference as indicated:



Exhibit 3.1 – Certificate of Formation
of the Depositor, filed with the secretary of state of Delaware on March 16, 2011, incorporated by reference to Amendment No. 1
to Registration Statement on Form S-3 (Reg. No. 333-173202), filed with the SEC by the Depositor on April 25, 2011.



Exhibit 3.2 – Limited Liability Company
Agreement of the Depositor, in effect since March 28, 2011, incorporated by reference to Amendment No. 1 to Registration Statement
on Form S-3 (Reg. No. 333-173202), filed with the SEC by the Depositor on April 25, 2011.



Exhibit 4.1 – Indenture, dated May 20,
2015, between Honda Auto Receivables 2015-2 Owner Trust and Deutsche Bank Trust Company Americas, as indenture trustee, incorporated
by reference to Exhibit 4.1 on Form 8-K dated May 20, 2015, and filed by the registrant on May 20, 2015.



Exhibit 4.2 – Amended and Restated Trust
Agreement, dated May 20, 2015, among American Honda Receivables LLC, MUFG Union Bank, N.A., as owner trustee, and U.S. Bank Trust
National Association, as Delaware trustee, incorporated by reference to Exhibit 4.2 on Form 8-K dated May 20, 2015, and filed by
the registrant on May 20, 2015.



Exhibit 31.1 – Certification of senior
officer in charge of the servicing function of the servicer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.



Exhibit 33.1 – Report on Assessment of
Compliance with Servicing Criteria for Asset-Backed Securities of American Honda Finance Corporation.



Exhibit 33.2 – Report on Assessment of
Compliance with Servicing Criteria for Asset-Backed Securities of Deutsche Bank Trust Company Americas.



Exhibit 34.1 – Attestation Report on
Compliance with Servicing Criteria for Asset-Backed Securities of KPMG LLP, on behalf of American Honda Finance Corporation.



Exhibit 34.2 – Attestation Report on
Assessment of Compliance with Servicing Criteria for Asset-Backed Securities of KPMG LLP, on behalf of Deutsche Bank Trust Company
Americas.



Exhibit 35.1 – Servicing Compliance Statement
of American Honda Finance Corporation.



Exhibit 99.1 – Sale and Servicing Agreement,
dated May 20, 2015, among Honda Auto Receivables 2015-2 Owner Trust, American Honda Receivables LLC and American Honda Finance
Corporation, incorporated by reference to Exhibit 99.1 on Form 8-K dated May 20, 2015, and filed by the registrant on May 20, 2015.



Exhibit 99.2 – Receivables Purchase Agreement,
dated May 20, 2015, between American Honda Finance Corporation and American Honda Receivables LLC, incorporated by reference to
Exhibit 99.2 on Form 8-K dated May 20, 2015, and filed by the registrant on May 20, 2015.



Exhibit 99.3 – Administration Agreement,
dated May 20, 2015, among Honda Auto Receivables 2015-2 Owner Trust, American Honda Finance Corporation, American Honda Receivables
LLC and Deutsche



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Bank Trust Company Americas, as indenture trustee, incorporated
by reference to Exhibit 99.3 on Form 8-K dated May 20, 2015, and filed by the registrant on May 20, 2015.



Exhibit 99.4 – Control Agreement, dated May 20, 2015, among
American Honda Receivables LLC, Honda Auto Receivables 2015-2 Owner Trust, American Honda Finance Corporation, and Deutsche Bank
Trust Company Americas, as indenture trustee, as assignee-secured party, and as securities intermediary, incorporated by reference
to Exhibit 99.4 on Form 8-K dated May 20, 2015, and filed by the registrant on May 20, 2015.



| | (c) | Not applicable.
| | --- | ---------------



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SIGNATURES



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.



|                    | Honda Auto Receivables 2015-2 Owner Trust                                                  
|------------------- | -------------------------------------------------------------------------------------------
|                    |                                                                                            
|                    | By: American Honda Finance Corporation, as Servicer                                        
|                    |                                                                                            
|                    | By:                                                                                        
|                    |                                                                                            
|                    | Paul C. Honda                                                                              
|                    |                                                                                            
|Date: June 16, 2017 | Vice President and Assistant Secretary (senior officer in charge of the servicing function)



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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 to security holders, proxy statement, form of proxy
or other proxy soliciting material has been sent to security holders or is anticipated to be furnished to security holders subsequent
to the filing of this annual report on Form 10-K.



- 8 -







EXHIBIT INDEX



|Exhibit | Description
|------- | -----------



Exhibit 3.1 – Certificate of Formation of the Depositor, filed
with the secretary of state of Delaware on March 16, 2011, incorporated by reference to Amendment No. 1 to Registration Statement
on Form S-3 (Reg. No. 333-173202), filed with the SEC by the Depositor on April 25, 2011.



Exhibit 3.2 – Limited Liability Company Agreement of the Depositor,
in effect since March 28, 2011, incorporated by reference to Amendment No. 1 to Registration Statement on Form S-3 (Reg. No. 333-173202),
filed with the SEC by the Depositor on April 25, 2011.



Exhibit 4.1 – Indenture, dated May 20, 2015, between Honda
Auto Receivables 2015-2 Owner Trust and Deutsche Bank Trust Company Americas, as indenture trustee, incorporated by reference to
Exhibit 4.1 on Form 8-K dated May 20, 2015, and filed by the registrant on May 20, 2015.



Exhibit 4.2 – Amended and Restated Trust Agreement, dated
May 20, 2015, among American Honda Receivables LLC, MUFG Union Bank, N.A., as owner trustee, and U.S. Bank Trust National Association,
as Delaware trustee, incorporated by reference to Exhibit 4.2 on Form 8-K dated May 20, 2015, and filed by the registrant on May
20, 2015.



Exhibit 31.1 – Certification of senior officer in charge of
the servicing function of the servicer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.



Exhibit 33.1 – Report on Assessment of Compliance with Servicing
Criteria for Asset-Backed Securities of American Honda Finance Corporation.



Exhibit 33.2 – Report on Assessment of Compliance with Servicing
Criteria for Asset-Backed Securities of Deutsche Bank Trust Company Americas.



Exhibit 34.1 – Attestation Report on Compliance with Servicing
Criteria for Asset-Backed Securities of KPMG LLP, on behalf of American Honda Finance Corporation.



Exhibit 34.2 – Attestation Report on Assessment of Compliance
with Servicing Criteria for Asset-Backed Securities of KPMG LLP, on behalf of Deutsche Bank Trust Company Americas.



Exhibit 35.1 – Servicing Compliance Statement of American
Honda Finance Corporation.



Exhibit 99.1 – Sale and Servicing Agreement, dated May 20,
2015, among Honda Auto Receivables 2015-2 Owner Trust, American Honda Receivables LLC and American Honda Finance Corporation, incorporated
by reference to Exhibit 99.1 on Form 8-K dated May 20, 2015, and filed by the registrant on May 20, 2015.



Exhibit 99.2 – Receivables Purchase Agreement, dated May 20,
2015, between American Honda Finance Corporation and American Honda Receivables LLC, incorporated by reference to Exhibit 99.2
on Form 8-K dated May 20, 2015, and filed by the registrant on May 20, 2015.



Exhibit 99.3 – Administration Agreement, dated May 20, 2015,
among Honda Auto Receivables 2015-2 Owner Trust, American Honda Finance Corporation, American Honda Receivables LLC and Deutsche
Bank Trust Company Americas, as indenture trustee, incorporated by reference to Exhibit 99.3 on Form 8-K dated May 20, 2015, and
filed by the registrant on May 20, 2015.



Exhibit 99.4 – Control Agreement, dated May 20, 2015, among
American Honda Receivables LLC, Honda Auto Receivables 2015-2 Owner Trust, American Honda Finance Corporation, and Deutsche Bank
Trust Company Americas, as indenture trustee, as assignee-secured party, and as securities intermediary, incorporated by reference
to Exhibit 99.4 on Form 8-K dated May 20, 2015, and filed by the registrant on May 20, 2015.





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