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












333-183223-10(Commission File Number of issuing entity)

Honda Auto Receivables 2015-1 Owner Trust

(Exact name
of issuing entity specified in its charter)Central Index Key Number of issuing entity: 0001629037



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                                                           | 47-6671548                          
|------------------------------------------------------------------ | ------------------------------------
|(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 2015-1 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”), Citibank, N.A. (the “Owner Trustee”), Citicorp Trust
Delaware, 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.



U.S. Bank National Association (the “Indenture Trustee”)
has provided the additional information contained in the following paragraphs for purposes of compliance with Regulation AB.



“Since 2014, various plaintiffs or groups of plaintiffs, primarily
investors, have filed claims against U.S. Bank National Association (“U.S. Bank”), in its capacity as trustee or successor
trustee (as the case may be) under certain residential mortgage backed securities (“RMBS”) trusts. The plaintiffs or
plaintiff groups have filed substantially similar complaints against other RMBS trustees. The complaints against U.S. Bank allege
the trustee caused losses to investors as a result of alleged failures by the sponsors, mortgage loan sellers and servicers for
these RMBS trusts and assert causes of action based upon the trustee's purported failure to enforce repurchase obligations of mortgage
loan sellers for alleged breaches of representations and warranties concerning loan quality. The complaints also assert that the
trustee failed to notify securityholders of purported events of default allegedly caused by breaches of servicing standards by
mortgage loan servicers and that the trustee purportedly failed to abide by a heightened standard of care following alleged events
of default.



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Currently U.S. Bank is a defendant in multiple actions alleging
individual or class action claims against the trustee with respect to multiple trusts as described above with the most substantial
case being: BlackRock Balanced Capital Portfolio et al v. U.S. Bank National Association, No. 605204/2015 (N.Y. Sup.
Ct.) (class action alleging claims with respect to approximately 770 trusts) and its companion case BlackRock Core Bond Portfolio
et al v. U.S Bank National Association, No. 14-cv-9401 (S.D.N.Y.). Some of the trusts implicated in the aforementioned Blackrock
cases, as well as other trusts, are involved in actions brought by separate groups of plaintiffs related to no more than 100 trusts
per case.



U.S. Bank cannot assure you as to the outcome of any of the litigation,
or the possible impact of these litigations on the trustee or the RMBS trusts. However, U.S. Bank denies liability and believes
that it has performed its obligations under the RMBS trusts in good faith, that its actions were not the cause of losses to investors
and that it has meritorious defenses, and it intends to contest the plaintiffs’ claims vigorously.”



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



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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.



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 January 28, 2015, between Honda
Auto Receivables 2015-1 Owner Trust and U.S. Bank National Association, as indenture trustee, incorporated by reference to Exhibit
4.1 on Form 8-K dated January 28, 2015, and filed by the registrant on January 28, 2015.



Exhibit 4.2 – Amended and Restated Trust Agreement, dated
January 28, 2015, among American Honda Receivables LLC, Citibank, N.A., as owner trustee, and Citicorp Trust Delaware, National
Association, as Delaware trustee, incorporated by reference to Exhibit 4.2 on Form 8-K dated January 28, 2015, and filed by the
registrant on January 28, 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 U.S. Bank National Association.



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 Ernst and Young LLP, on behalf of U.S. Bank National Association.



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



Exhibit 99.1 – Sale and Servicing Agreement, dated January
28, 2015, among Honda Auto Receivables 2015-1 Owner Trust, American Honda Receivables LLC and American Honda Finance Corporation,
incorporated by reference to Exhibit 99.1 on Form 8-K dated January 28, 2015, and filed by the registrant on January 28, 2015.



Exhibit 99.2 – Receivables Purchase Agreement, dated January
28, 2015, between American Honda Finance Corporation and American Honda Receivables LLC, incorporated by reference to Exhibit 99.2
on Form 8-K dated January 28, 2015, and filed by the registrant on January 28, 2015.



Exhibit 99.3 – Administration Agreement, dated January 28,
2015, among Honda Auto Receivables 2015-1 Owner Trust, American Honda Finance Corporation, American Honda Receivables LLC and U.S.
Bank National Association, as indenture trustee, incorporated by reference to Exhibit 99.3 on Form 8-K dated January 28, 2015,
and filed by the registrant on January 28, 2015.



Exhibit 99.4 – Control Agreement, dated January 28, 2015,
among American Honda Receivables LLC, Honda Auto Receivables 2015-1 Owner Trust, American Honda Finance Corporation, and U.S. Bank
National Association, as indenture trustee, as assignee-secured party, and as securities intermediary, incorporated by reference
to Exhibit 99.4 on Form 8-K dated January 28, 2015, and filed by the registrant on January 28, 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 2015-1 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.



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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 January 28, 2015, between Honda
Auto Receivables 2015-1 Owner Trust and U.S. Bank National Association, as indenture trustee, incorporated by reference to Exhibit
4.1 on Form 8-K dated January 28, 2015, and filed by the registrant on January 28, 2015.



Exhibit 4.2 – Amended and Restated Trust Agreement, dated
January 28, 2015, among American Honda Receivables LLC, Citibank, N.A., as owner trustee, and Citicorp Trust Delaware, National
Association, as Delaware trustee, incorporated by reference to Exhibit 4.2 on Form 8-K dated January 28, 2015, and filed by the
registrant on January 28, 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 U.S. Bank National Association.



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 Ernst and Young LLP, on behalf of U.S. Bank National Association.



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



Exhibit 99.1 – Sale and Servicing Agreement, dated January
28, 2015, among Honda Auto Receivables 2015-1 Owner Trust, American Honda Receivables LLC and American Honda Finance Corporation,
incorporated by reference to Exhibit 99.1 on Form 8-K dated January 28, 2015, and filed by the registrant on January 28, 2015.



Exhibit 99.2 – Receivables Purchase Agreement, dated January
28, 2015, between American Honda Finance Corporation and American Honda Receivables LLC, incorporated by reference to Exhibit 99.2
on Form 8-K dated January 28, 2015, and filed by the registrant on January 28, 2015.



Exhibit 99.3 – Administration Agreement, dated January 28,
2015, among Honda Auto Receivables 2015-1 Owner Trust, American Honda Finance Corporation, American Honda Receivables LLC and U.S.
Bank National Association, as indenture trustee, incorporated by reference to Exhibit 99.3 on Form 8-K dated January 28, 2015,
and filed by the registrant on January 28, 2015.



Exhibit 99.4 – Control Agreement, dated January 28, 2015,
among American Honda Receivables LLC, Honda Auto Receivables 2015-1 Owner Trust, American Honda Finance Corporation, and U.S. Bank
National Association, as indenture trustee, as assignee-secured party, and as securities intermediary, incorporated by reference
to Exhibit 99.4 on Form 8-K dated January 28, 2015, and filed by the registrant on January 28, 2015.





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