**UNITED
      STATES**


**SECURITIES
      AND EXCHANGE COMMISSION**


**WASHINGTON,
      D.C. 20549**






**FORM
      10-K**




(Mark
      One)




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




For
      the
      fiscal year ended December 31, 2006




or




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




For
      the
      transition period from __________________ to
      _________________________




333-132133-01


(Commission
      file number of Issuing Entity)




**NISSAN
      AUTO RECEIVABLES 2006-B OWNER TRUST**


(Exact
      name of issuing entity specified in its charter)




333-132133


(Commission
      file number of Depositor)




**NISSAN
      AUTO RECEIVABLES CORPORATION II**


(Exact
      name of depositor as specified in its charter)




**NISSAN
      MOTOR ACCEPTANCE CORPORATION**


(Exact
      name of sponsor as specified in its charter)




**DELAWARE**
            
            **51-6573783**(State
                or other jurisdiction of incorporation or organization of the Issuing
                Entity)
            
            (I.R.S.
                Employer
              Identification
                No.)




**333
      Commerce Street, Nashville, Tennessee** **37201**


(Address
      of principal executive offices)  (Zip
      Code)




Registrant’s
      telephone number, including area code  **(615)
      725-1121**




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 o Nox




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 o Nox

















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 Noo




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, or a non-accelerated filer. See definition of “accelerated
      filer and large accelerated filer” in Rule 12b-2 of the Exchange Act. (Check
      one):




Large
      Accelerated Filer: o Accelerated
      Filer: o Non-Accelerated
      Filer: x




Indicate
      by check mark whether the registrant is a shell company (as defined in Rule
      12b-2 of the Act). Yes o Nox




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 holder; (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 the fiscal year ended December 24, 1980). None































2







**PART
      I**




*Item
      1.*  *Business* *.*




Not applicable.




*Item
      1A.*  *Risk
      Factors* *.*




Not
      applicable.




*Item
      1B.*  *Unresolved
      Staff Comments* *.*




Not
      applicable.




*Item
      2.*  *Properties* *.*




Not
      applicable.




*Item
      3.*  *Legal
      Proceedings* *.*




Not
      applicable.




*Item
      4.*  *Submission
      of Matters to a Vote of Security Holders* *.*




No
      matter was submitted
      during the fiscal year covered by this annual report to a vote of holders of
      either the Notes or Certificates.




SUBSTITUTE
      INFORMATION PROVIDED IN ACCORDANCE WITH


GENERAL
      INSTRUCTION J TO FORM 10-K:




*Item
      1112(b) of Regulation AB, Significant Obligor Financial
      Information*




Not
      applicable.




*Items
      1114(b)(2) and Item 1115(b) of Regulation AB, Significant Enhancement Provider
      Financial Information*




Not
      applicable.




*Item
      1117 of Regulation AB, Legal Proceedings*




There
      are no legal
      proceedings pending, or any proceedings known to be contemplated by governmental
      authorities, against Nissan Motor Acceptance Corporation (“NMAC” or the
“Servicer” and “Sponsor”), Nissan Auto Receivables Corporation II (the
“Depositor”), Wells Fargo Bank, National Association (the “Indenture Trustee”),
      Wilmington Trust Company (the “Owner Trustee”), Nissan Auto Receivables 2006-B
      Owner Trust (the “Issuer”), or any property thereof, that are or would be
      material to holders of the Notes and Certificates.




**PART
      II**




*Item
      5.*  *Market
      for Registrant's Common Equity and Related Stockholder
      Matters* *.*




(a)
            Not
                applicable.




(b)
            Not
                applicable.








3






Item
        6.  *Selected
        Financial Data.*


Not
      applicable.




*Item
      7.*  *Management’s
      Discussion and Analysis of Financial Condition and Results of
      Operations* *.*




Not
      applicable.




*Item
      7A.*  *Quantitative
      and Qualitative Disclosures About Market Risk* *.*




Not
      applicable.




*Item
      8.*  *Financial
      Statements and Supplementary Data* *.*




Not
      applicable.




*Item
      9.*  *Changes
      in and Disagreements with Accountants on Accounting and Financial
      Disclosure* *.*




Nothing
      to report.




*Item
      9A.*  *Controls
      and Procedures* *.*




Not
      applicable.




*Item
      9B.*  *Other
      Information* *.*




No
      other
      information.




**PART
      III**




*Item
      10.*  *Directors
      and Executive Officers of the Registrant* *.*




Item
      not
      applicable due to no directors or executive officers.




*Item
      11.*  *Executive
      Compensation* *.*




Not
      applicable.




*Item
      12.*  *Security
      Ownership of Certain Beneficial Owners and Management and Related Stockholder
      Matters* *.*




Not
      applicable.




*Item
      13.*  *Certain
      Relationships and Related Transactions* *.*




Not
      applicable.




*Item
      14.*  *Principal
      Accountant Fees and Services* *.*




Not
      applicable.




SUBSTITUTE
      INFORMATION PROVIDED IN ACCORDANCE WITH


GENERAL
      INSTRUCTION J TO FORM 10-K:




4




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




The
      Sponsor originates all of the pool assets owned by the Issuing Entity (in such
      capacity, the “Originator”) and services the pool assets. The Depositor is a
      wholly-owned subsidiary of NMAC (including in its role as originator, servicer
      and sponsor). Through its purchase of the Certificates, the Depositor has
      acquired a 100% ownership interest in the Issuing Entity; therefore, the Issuing
      Entity is an affiliated party of the Depositor and, indirectly, of the Sponsor
      (including in its role as originator and servicer).




The
      Indenture Trustee is not affiliated with any of the Sponsor (including in its
      role as originator and servicer), the Depositor or the Issuing
      Entity.




There
      are
      no significant obligors, external enhancement or support providers, or other
      material parties related to the Notes or Certificates.




In
      addition, there are no business relationships, agreements, arrangements,
      transactions or understandings outside the ordinary course of business or on
      terms other than would be obtained in an arm’s length transaction with an
      unrelated party, apart from this asset-backed securities transaction involving
      the issuance of the Notes and Certificates by the Issuing Entity, between the
      Sponsor, the Depositor or the Issuing Entity and any of the parties, or
      affiliates of such parties, mentioned in this Item.




*Item
      1122 of Regulation AB, Compliance with applicable Servicing
      Criteria*




(a)  The
      following documents are filed as part of this report.




Exhibit
      No .




33.1  Nissan
      Motor Acceptance Corporation’s Report on Assessment of Compliance with Servicing
      Criteria


33.2  Management’s
      Assertion on Compliance with Regulation AB (Wells Fargo Bank, National
      Association


34.1  Report
      of
      Independent Registered Public Accounting Firm (Deloitte & Touche
      LLP)


34.2  Report
      of
      Independent Registered Public Accounting Firm (KPMG LLP)




The
      Servicer has complied, in all material respects, with the Applicable Servicing
      Criteria, except for certain instances of technical non-compliance described
      below:




On
      four
      out of seventy-one occasions tested (5.6%), the Servicer did not remit to the
      applicable collection account on the first business day after receipt thereof
      a
      sufficient amount to cover all payments received in respect of the related
      pool
      assets. It did, however, timely deposit an estimated (but insufficient) amount,
      determined in good faith, and remitted the difference no later than the next
      record date. The Servicer believes that no material impact to the
      securityholders resulted from these errors and it is exploring procedural
      changes to achieve full compliance with this requirement going
      forward.




*Item
      1123 of Regulation AB, Servicer Compliance Statement*




(a)  The
      following documents are filed as part of this report.




Exhibit
        No .
  35.1
        Servicer
        Compliance Statement of Nissan Motor Acceptance Corporation







5




**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 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 certificateholders, and the registrant does not presently
      contemplate sending any such materials subsequent to the filing of this
      report.






















































6




**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, thereunto duly authorized.






NISSAN
      AUTO
      RECEIVABLES 2006-B OWNER TRUST




By:  Nissan
      Motor Acceptance Corporation, Servicer






By: /s/
      Rakesh Kochhar


Rakesh
      Kochhar


Treasurer






Date:  March
      30,
      2007





























































7


**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
            Amended
                and Restated Certificate of Incorporation of NARC II3.2
            Bylaws
                of NARC II4.1
            Sale
                and Servicing Agreement, dated as of April 25, 2006, by and among
                the
                Issuing Entity, as issuer, NARC II, as seller, and NMAC, as servicer
                (incorporated by reference to Exhibit 4.1 of Form 8-K, dated May
                1, 2006,
                File No. 333-132133)4.2
            Indenture,
                dated as of April 25, 2006, by and between the Issuing Entity, as
                issuer,
                and the Indenture Trustee (incorporated by reference to Exhibit 4.2
                of
                Form 8-K, dated May 1, 2006, File No. 333-132133)4.3
            Purchase
                Agreement, dated as of April 25, 2006, by and between NARC II, as
                purchaser, and NMAC, as seller (incorporated by reference to Exhibit
                4.3
                of Form 8-K, dated May 1, 2006, File No. 333-132133)4.4
            Amended
                and Restated Trust Agreement, dated as of April 25, 2006, by and
                between
                NARC II, as depositor, and Wilmington Trust Company, as Owner Trustee
                (incorporated by reference to Exhibit 4.4 of Form 8-K, dated May
                1, 2006,
                File No. 333-132133)4.5
            Administration
                Agreement, dated as of April 25, 2006, by and among the Issuing Entity,
                as
                issuer, NMAC, as administrator, the Indenture Trustee and the Owner
                Trustee (incorporated by reference to Exhibit 4.5 of Form 8-K, dated
                May
                1, 2006, File No. 333-132133)4.6
            Yield
                Supplement Agreement, dated as of April 25, 2006, by and among the
                Issuing
                Entity, NARC II, as seller, NMAC, as servicer, and the Indenture
                Trustee
                (incorporated by reference to Exhibit 4.6 of Form 8-K, dated May
                1, 2006,
                File No. 333-132133)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 200233.1
            Nissan
                Motor Acceptance Corporation’s Report on Assessment of Compliance With
                Servicing Criteria33.2
            Management’s
                Assertion on Compliance With Regulation AB (Wells Fargo Bank, National
                Association)34.1
            Report
                of Independent Registered Public Accounting Firm (Deloitte & Touche
                LLP)34.2
            Report
                of Independent Registered Public Accounting Firm (KPMG LLP)35.1
            Servicer
                Compliance Statement of Nissan Motor Acceptance Corporation99.1
            Annual
                Servicer’s Certificate Provided by Nissan Motor Acceptance Corporation to
                Holders of Notes and Certificates








8