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, 2002

                               or

    --------------      Transition Report pursuant to Section 13 or 15(d)
                        of the Securities Exchange Act of 1934
                        for the transition period from __________ to __________


                         MMCA Auto Owner Trust 2002-2
                      (Issuer with respect to the Notes)
                          MMCA Auto Receivables Trust
                 (Originator of MMCA Auto Owner Trust 2002-2)
            (Exact Name of Registrant as Specified in its Charter)


                                   Delaware
    -----------------------------------------------------------------------
                (State or Other Jurisdiction of Incorporation)


        333-85008-01                                  33-0869011
--------------------------------        --------------------------------------
    (Commission File Number)               (I.R.S. Employer Identification No.)


6363 Katella Avenue, Cypress, California                     90630-5205
-------------------------------------------------------------------------------
(Address of Principal Executive Offices)                      (Zip Code)


                                (714) 236-1615
-------------------------------------------------------------------------------
             (Registrant's Telephone Number, Including Area Code)


                                Not Applicable
-------------------------------------------------------------------------------
         (Former Name or Former Address, if Changed Since Last Report)


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 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 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 the 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.

           Yes      X                             No        ___________

         State the aggregate market value of the voting stock held by
non-affiliates of the registrant: NONE

         Indicate the number of shares outstanding of the registrant's classes
of common stock, as of the last practicable date: NONE

         Documents incorporated by reference: NONE

-------------------------------------------------------------------------------


PART I

Item 1.  Business

Not Applicable


Item 2.  Properties

         MMCA Auto Owner Trust 2002-2 (the "Trust") was formed on March 26,
2002 pursuant to a Trust Agreement between MMCA Auto Receivables Trust, as
depositor (the "Depositor"), and Wilmington Trust Company, as owner trustee
(the "Owner Trustee"). Pursuant to an Amended and Restated Trust Agreement,
dated as of June 1, 2002, between the Depositor and the Owner Trustee, the
Trust issued a certificate evidencing an interest in the trust property (the
"Certificate"). The Certificate is held by the Depositor.

         Pursuant to an Indenture, dated as of June 1, 2002, between the
Trust, as issuer, and Bank of Tokyo-Mitsubishi Trust Company, as indenture
trustee (the "Indenture Trustee"), the Trust issued asset-backed notes
consisting of $94,169,000 1.8426% Class A-1 Asset Backed Notes, $279,000,000
2.64% Class A-2 Asset Backed Notes, $181,000,000 3.67% Class A-3 Asset Backed
Notes, $227,500,000 4.30% Class A-4 Asset Backed Notes, $69,535,000 4.67%
Class B Asset Backed Notes and $35,966,000 5.55% Class C Asset Backed Notes
(collectively, the "Notes"). The Notes were registered and publicly offered
and sold.

         The assets of the Trust primarily include a pool of motor vehicle
retail installment sale contracts originated by retailers and assigned to
Mitsubishi Motors Credit of America, Inc. ("MMCA") and secured by new and used
motor vehicles and sport-utility vehicles. The Trust's business activities
include acquiring and holding the assets of the Trust and distributing
payments on the Notes and the Certificate.

         Pursuant to a Sale and Servicing Agreement, dated as of June 1, 2002,
among the Trust, the Depositor and MMCA, MMCA administers and services the
Trust's pool of motor vehicle retail installment contacts.

         The following tables set forth the delinquency experience with
respect to the level payments due each month on the Trust's motor vehicle
retail installment sale contacts but does not include the delinquency
experience with respect to balloon payments due at the end of the term of the
Trust's contacts which provide for such payments. The period of delinquency is
based on the number of days for which more than 10% of a level payment is
contractually past due, and the delinquency rate as a percentage of the
balance outstanding represents delinquent dollars as a percentage of dollars
outstanding.

<table>
<caption>

                                                                           December 31, 2002
                                                                  Contracts                   Balance Outstanding
                                                                  ---------                   -------------------
Delinquent Contracts:
--------------------

                                                                       <c>                      <c>
(i)  30-59 days                                                           2,302                    $54,412,888.55
(ii)  60-89 days                                                            852                    $20,329,069.35
(iii) 90 days or more                                                       649                    $15,762,103.21


                                                                               December 31, 2002
                                                          % of Contracts Outstanding        % of Balance Outstanding
                                                          --------------------------        ------------------------
Delinquency Rates:
-----------------
(i)  30-59 days delinquent                                                  6.19%                       6.17%
(ii)  60-89 days delinquent                                                 2.29%                       2.30%
(iii) 90 days or more delinquent                                            1.75%                       1.79%

</table>

         The following table sets forth the net loss experience with respect
to the payments due each month on the Trust's motor vehicle retail installment
sale contracts, including contracts that provide for balloon payments at the
end of the terms of such contracts.

<table>
<caption>

                                                                            December 31, 2002
                                                                Contracts                   Balance Outstanding
                                                                ---------                   -------------------

                                                                        <c>                      <c>
Aggregate Net Losses                                                       1,069                    $19,668,922.44

</table>


Item 3.  Legal Proceedings

         There is nothing to report with regard to this item.


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

         There is nothing to report with regard to this item.


PART II

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

         The holder of record of all the Notes as of December 31, 2002 was
Cede & Co., the nominee of The Depository Trust Company ("DTC") in the United
States. An investor holding Notes is not entitled to receive a certificate
representing such Notes except in limited circumstances. Accordingly, Cede &
Co. is the sole holder of record of the Notes, which it holds on behalf of
brokers, dealers, banks and other participants in the DTC system. Such
participants may hold Notes for their own accounts or for the accounts of
their customers. The address of Cede & Co. is:

           Cede & Co.
           c/o The Depository Trust Company
           Seven Hanover Square
           New York, New York 10004

         The holder of record of the Certificate as of December 31, 2002 was
the Depositor.


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 Disclosures

         There is nothing to report with regard to this item.


PART III

Item 10. Directors and Executive Officers of the Registrant

         Not applicable.


Item 11. Executive Compensation

         Not applicable.


Item 12. Security Ownership of Certain Beneficial Owners and Management

         There is nothing to report with regard to this item.


Item 13. Certain Relationships and Related Transactions

         There is nothing to report with regard to this item.


Item 14. Controls and Procedures.

         Not applicable.


Item 15. Exhibits, Financial Statement Schedules and Reports on Form 8-K

         (a)   1. Not applicable.
               2. Not applicable.
               3. Exhibits: 99.1 Annual Statement as to Compliance
                            99.2 Annual Independent Public Accountant's
                                 Servicing Report and accompanying management
                                 report

         (b) Reports on Form 8-K.

         The Registrant has filed Current Reports on Form 8-K with the
Securities and Exchange Commission dated June 28, 2002, July 15, 2002, August
1, 2002, August 26, 2002, October 1, 2002, October 31, 2002, November 27,
2002, December 19, 2002, January 29, 2003 and February 21, 2003.

         (c) See (a)(3) above.

         (d) Not applicable.


SIGNATURES

         Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, as amended, the Registrant has duly caused this report
to be signed on its behalf by the undersigned, thereunto duly authorized.

MMCA AUTO OWNER TRUST 2002-2

By:  MMCA AUTO RECEIVABLES TRUST


By:  /s/ Hideyuki Kitamura
     -----------------------------
     Name:  Hideyuki Kitamura
     Title: Secretary & Treasurer


MMCA AUTO RECEIVABLES TRUST


By:  /s/ Hideyuki Kitamura
     -----------------------------
     Name:  Hideyuki Kitamura
     Title: Secretary & Treasurer


Date:   March 31, 2003


         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 soliciting
material has been sent to holders of the Notes during the period covered by
this report and the Registrant does not intend to furnish such materials to
holders of the Notes subsequent to the filing of this report.

<page>

Exhibit 99.1


                                                                March 31, 2003

Bank of Tokyo-Mitsubishi Trust Company
1251 Avenue of the Americas
New York, New York 10020
Attention: Corporate Trust Administration

Wilmington Trust Company
Rodney Square North
1100 North Market Street
Wilmington, Delaware 19890-0001
Attention: W. Chris Sponenberg

           Re:   2002 Annual Statement as to Compliance

Ladies and Gentlemen:

         Pursuant to Section 3.10 of the Sale and Servicing Agreement, dated
as of June 1, 2002 (the "Sale and Servicing Agreement"), among MMCA Auto Owner
Trust 2002-2 (the "Trust"), MMCA Auto Receivables Trust and Mitsubishi Motors
Credit of America, Inc. (the "Servicer"), I, Robert J. Costantino, duly
elected President of Mitsubishi Motors Credit of America, Inc., hereby certify
the following as of the date hereof:

         (1) I have reviewed the 2002 annual report on Form 10-K, and all
reports on Form 8-K (collectively, the "reports") containing distribution or
servicing reports filed in respect of periods included in the year covered by
the 2002 annual report, of the Trust;

         (2) based on my knowledge, the information in these reports, taken as
a whole, does not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements made, in light of the
circumstances under which such statements were made, not misleading as of the
last day of the period covered by the 2002 annual report;

         (3) based on my knowledge, the servicing information required to be
provided to the trustee by the Servicer under the Sale and Servicing Agreement
for inclusion in the reports is included in the reports;

         (4) I am responsible for reviewing the activities performed by the
Servicer under the Sale and Servicing Agreement, and based upon my knowledge
and the annual compliance review required under the Sale and Servicing
Agreement, and except as disclosed in the reports, the Servicer has fulfilled
its obligations under the Sale and Servicing Agreement during the period from
January 1, 2002 through December 31, 2002; and

         (5) the reports disclose all significant deficiencies relating to the
Servicer's compliance with the minimum servicing standards based upon the
report provided by an independent public accountant, after conducting a review
in compliance with the Uniform Single Attestation Program for Mortgage Bankers
or similar procedure, as set forth in the Sale and Servicing Agreement, that
is included in the reports.


Sincerely,

MITSUBISHI MOTORS CREDIT OF AMERICA, INC.


By:  /s/ Robert J. Costantino
     ----------------------------------
     Name:  Robert J. Costantino
     Title: President


<page>

Exhibit 99.2


                Report on Management's Assertion on Compliance
          with Selected Minimum Servicing Standards Set Forth in the
            Uniform Single Attestation Program for Mortgage Bankers

                       Report of Independent Accountants

Board of Directors and Shareholder
Mitsubishi Motors Credit of America, Inc.

         We have examined management's assertion, included in the accompanying
report titled Report of Management, that Mitsubishi Motors Credit of America,
Inc. (MMCA), a wholly owned subsidiary of Mitsubishi Motor Sales of America,
Inc. (MMSA), complied with the minimum servicing standards set forth in the
Mortgage Bankers Association of America's Uniform Single Attestation Program
for Mortgage Bankers (USAP) except for minimum servicing standards I.4, III.3,
III.4, V.2, V.3, and V.4 related to escrow accounts, tax and insurance
payments, and adjustable rate loans, which are not applicable to servicing
automobile loans, during the year ended December 31, 2002. Management is
responsible for MMCA's compliance with those requirements. Our responsibility
is to express an opinion on management's assertion about MMCA's compliance
based on our examination.

         Our examination was made in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence about MMCA's
compliance with those requirements and performing such other procedures as we
considered necessary in the circumstances. We believe that our examination
provides a reasonable basis for our opinion. Our examination does not provide
a legal determination on MMCA's compliance with specified requirements.

         In our opinion, management's assertion, that MMCA complied with the
aforementioned requirements during the year ended December 31, 2002, is fairly
stated, in all material respects.

         This report is intended solely for the information and use of the
Board of Directors, MMSA, management, and investors in assets serviced by MMCA
and is not intended to be and should not be used by anyone other than these
specified parties. However, this report accompanied by the related
management's assertion may be a matter of public record as a result of being
included as an exhibit to the annual reports on Form 10-K of various
securitization trusts for which MMCA acts as a servicer and its distribution
is not limited.


           /s/ Ernst & Young LLP


Los Angeles, California
January 24, 2003



<PAGE>



      Management's Assertion on Compliance with Minimum Servicing Standards
                                Set Forth in the
             Uniform Single Attestation Program for Mortgage Bankers

                              Report of Management

We, as members of management of Mitsubishi Motors Credit of America, Inc.
(MMCA), are responsible for complying with the minimum servicing standards as
set forth in the Mortgage Bankers Association of America's Uniform Single
Attestation Program for Mortgage Bankers (USAP) except for minimum servicing
standards I.4, III.3, III.4, V.2, V.3, and V.4 which relate to escrow accounts,
tax and insurance payments, and adjustable rate loans and which are inapplicable
to servicing automobile loans. We are also responsible for establishing and
maintaining effective internal control over compliance with these standards. We
have performed an evaluation of MMCA's compliance with the minimum servicing
standards as set forth in the USAP as of December 31, 2002 and for the year then
ended. Based on this evaluation, we assert that during the year ended December
31, 2002, MMCA complied, in all material respects, with the minimum servicing
standards set forth in the USAP.

As of and for this same period, MMCA had in effect a fidelity bond in the
amount of $1 million.



January 24, 2003


/s/ Akinobu Saito                            /s/ Steven Grimaldi
----------------------------------------     ---------------------------------
Akinobu Saito, Executive Vice President      Steven Grimaldi,
and Chief Financial Officer                  Controller


/s/ Robert Costantino                        /s/ Greg Stiff
----------------------------------------     ---------------------------------
Robert Costantino,                           Greg Stiff,
President and Chief Executive Officer        Director, Collections and
                                             Operational Accounting

/s/ Hideyuki Kitamura
----------------------------------------
Hideyuki Kitamura,
Executive Vice President and Treasurer