UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, 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, 2018
|-------------------------------------------



| |  ̈ | 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
333-205844-05

Central Index Key Number of Issuing Entity
0001735464



Hyundai
Auto Receivables Trust 2018-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 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 every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this
chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit 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, a smaller reporting company, or an emerging growth company. See the definitions
of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emergency
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 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 2018, Citibank’s Agency
and Trust group manages in excess of $5.8 trillion in fixed income and equity investments on behalf of over 2,700 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 2018, Citibank, N.A. acts as indenture trustee and/or paying
agent for approximately 212 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. 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. On April 7, 2017, Citibank filed a motion for summary judgment. Plaintiffs filed its consolidated opposition
brief and cross motion for partial summary judgment on May 22, 2017. Briefing on those motions was completed on August 4, 2017.
On March 22, 2018, the court granted Citibank’s motion for summary judgment in its entirety, denied Plaintiffs’ motion
for summary judgment and ordered the clerk to close the case. On April 20, 2018, plaintiffs filed a notice of appeal. Plaintiffs’
opening brief was filed on August 3, 2018. Citibank filed its opposition on November 2, 2018. Plaintiffs filed their reply on November
16, 2018.











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”). Following oral argument on
Citibank’s motion to dismiss, Plaintiffs filed an amended complaint on August 5, 2016. On June 27, 2017, the state court
issued a decision, dismissing the Event of Default claims, mortgage-file-related claims, the fiduciary duty claims, and the conflict
of interest claims. The decision sustained certain breach of contract claims including the claim alleging discovery of breaches
of representations and warranties, a claim related to robo-signing, and the implied covenant of good faith claim. Citibank appealed
the lower court’s decision, and on January 16, 2018, the Appellate Division, First Department, dismissed the claims related
to robo-signing and the implied covenant of good faith, but allowed plaintiffs’ claim alleging discovery of breaches of representations
and warranties to proceed.



On August 19, 2015, the Federal Deposit Insurance Corporation
(“FDIC”) as Receiver for a failed 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, N.A., entities that have also been sued by FDIC in their capacity as
trustee, and these cases have all been consolidated in front of Judge Carter. 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 July 11, 2017, Judge Carter ruled on the motion
for reconsideration regarding his dismissal of the action. He denied reconsideration of his decision on standing, but granted leave
to amend the complaint by October 9, 2017. The FDIC subsequently requested an extension of time to file its amended complaint,
which was granted. The FDIC filed its amended complaint on December 8, 2017. Defendants jointly filed a motion to dismiss the amended
complaint on March 13, 2018. On April 18, 2018, plaintiff filed its opposition. Defendants filed their joint reply on May 3, 2018.



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 2018-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 FiledPursuant to Section 15(d) of the Act by
Registrants which have notRegistered 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.













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. 1 to the Form SF-3 of Hyundai ABS Funding, LLC, filed with the Securities and Exchange Commission on February 11, 2019, File No. 333-229037)                                                                                                                        
|            |                                                                                                                                                                                                                                                                                                                                                                                     
|3.2         | Limited Liability Company Agreement of Hyundai ABS Funding, LLC (incorporated by reference to Exhibit 3.2 to Amendment No. 1 to the Form SF-3 of Hyundai ABS Funding, LLC, filed with the Securities and Exchange Commission on February 11, 2019, File No. 333-229037)                                                                                                             
|            |                                                                                                                                                                                                                                                                                                                                                                                     
|4.1         | Indenture, dated as of April 18, 2018, 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 April 19, 2018, File No. 333-205844-05)                                                                                                                              
|            |                                                                                                                                                                                                                                                                                                                                                                                     
|10.1        | Receivables Purchase Agreement, dated as of April 18, 2018, 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 April 19, 2018, File No. 333-205844-05)                                                                      
|            |                                                                                                                                                                                                                                                                                                                                                                                     
|10.2        | Sale and Servicing Agreement, dated as of April 18, 2018, 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 April 19, 2018, File No. 333-205844-05)       
|            |                                                                                                                                                                                                                                                                                                                                                                                     
|10.3        | Owner Trust Administration Agreement, dated as of April 18, 2018, 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 April 19, 2018, File No. 333-205844-05)                                             
|            |                                                                                                                                                                                                                                                                                                                                                                                     
|10.4        | Amended and Restated Trust Agreement, dated as of April 18, 2018, 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 April 19, 2018, File No. 333-205844-05)
|            |                                                                                                                                                                                                                                                                                                                                                                                     
|10.5        | Asset Representations Review Agreement, dated as of April 18, 2018, 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 April 19, 2018, File No. 333-205844-05) 
|            |                                                                                                                                                                                                                                                                                                                                                                                     
|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 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                                                                                                                                                                                                                                                                                                                                            











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 20, 2019 | HYUNDAI ABS FUNDING, LLC
|---------------------- | ------------------------
|                       |                         
|                       | By:                     
|                       |                         
|                       |                         
|                       |