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, 2015
|-------------------------------------------



| |  ̈ | 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
333-168518-05

Central Index Key Number of Issuing Entity
0001553000



Hyundai Auto Receivables Trust 2012-B

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



Commission File Number of Depositor 333-168518

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 theRegistrant) | (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. x 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). 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
| | --- | -------------------------

| | (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, 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.



Citibank, N.A. (“Citibank”) is
acting as Indenture Trustee of this ABS transaction.  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,
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. That case, involving the three remaining trusts, is pending.



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. Citibank filed a motion to dismiss this case
on February 26, 2016.



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 is jointly briefing 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 all in front of Judge Carter.











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 this ABS transaction.



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 2012-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. 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.



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 23, 2016 | HYUNDAI ABS FUNDING, LLC
|---------------------- | ------------------------
|                       |                         
|                       | 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  | 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  | Amended and Restated Trust Agreement, dated as of July 19, 2012 by and between Hyundai ABS Funding, LLC (formerly known as 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 July 20, 2012, File No. 333-168518-05)        
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                
|4.2  | Indenture, dated as of July 19, 2012, 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 July 20, 2012, File No. 333-168518-05)                                                                                                                                                                           
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                
|10.1 | Receivables Purchase Agreement, dated as of July 19, 2012, by and between Hyundai Capital America, as seller, and Hyundai ABS Funding, LLC (formerly known as 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 July 20, 2012, File No. 333-168518-05)                                                               
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                
|10.2 | Sale and Servicing Agreement, dated as of July 19, 2012, by and among the Issuing Entity, as issuer, Hyundai ABS Funding, LLC (formerly known as 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 July 20, 2012, File No. 333-168518-05)
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                
|10.3 | Owner Trust Administration Agreement, dated as of July 19, 2012, 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 July 20, 2012, File No. 333-168518-05)                                                                                          
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                
|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 | Management’s Assertion of Compliance (Citibank, N.A.)                                                                                  
|---- | ---------------------------------------------------------------------------------------------------------------------------------------
|     |                                                                                                                                        
|34.1 | Attestation Report of KPMG LLP on Management’s Assessment on Compliance with Regulation AB Criteria relating to Hyundai Capital America
|     |                                                                                                                                        
|34.2 | Attestation Report of KPMG LLP on Management’s Assertion of Compliance relating to Citibank, N.A.                                      
|     |                                                                                                                                        
|35.1 | Annual Servicer’s Compliance Certificate