FORM 10-K

 UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

 FORM 10-K

 (Mark One)

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

 For
 the fiscal year ended December 31, 2023

 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 333-229037-03

 Central Index Key Number of Issuing Entity 0001808575

 Hyundai Auto Receivables Trust 2020-A

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

 Commission File Number of Depositor 333-229037

 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 the

 Registrant)

 (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

 Trading
 Symbol(s)

 Name
 of each exchange on which registered

 None

 None

 None

 Securities registered pursuant to Section 12(g) of
the Act: None.

by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes
 No

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

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
 No

by check mark whether the registrant 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). Yes No

 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 "emerging
growth company" in Rule 12b-2 of the Exchange Act. (Check one):

 Large Accelerated filer

 Accelerated filer

 Non-accelerated filer

 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 has led a report
on and attestation to its management's assessment of the e ectiveness of its internal control over nancial reporting
under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting rm that prepared
or issued its audit report.

 If securities are registered pursuant to Section 12(b) of
the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an
error to previously issued financial statements.

 Indicate by check mark whether any of those error corrections are
restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers
during the relevant recovery period pursuant to §240.10D-1(b).

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

 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.

 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 and Item 1C. Cybersecurity

 (C)

 Item 2. Properties

 (D)

 Item 3. Legal Proceedings

 Item 1B. Unresolved Staff Comments

 None.

 Item 4. [Reserved]

 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)

 [Reserved].

 (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.

 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 2023, Citibank's Agency and Trust group manages in excess
of $8 trillion in fixed income and equity investments on behalf of over 3,000 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 2023, Citibank, N.A. acts as indenture trustee and/or paying agent for approximately 273 various asset backed trusts supported by
either auto loans or leases or equipment loans or leases.

 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 2020-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.

 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 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.

 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 29, 2020, 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 May 1, 2020, File No. 333-229037-03)

 10.1

 Receivables Purchase Agreement,
 dated as of April 29, 2020, 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 May 1, 2020, File No. 333-229037-03)

 10.2

 Sale and Servicing Agreement,
 dated as of April 29, 2020, 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 May 1, 2020, File No. 333-229037-03)

 10.3

 Owner Trust Administration
 Agreement, dated as of April 29, 2020, 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 May 1, 2020, File No. 333-229037-03)

 10.4

 Amended and Restated Trust
 Agreement, dated as of April 29, 2020, 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 May 1, 2020, File No. 333-229037-03)

 10.5

 Asset Representations Review
 Agreement, dated as of April 29, 2020, 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 May 1, 2020, File No. 333-229037-03)

 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 Baker
 Tilly US, 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 22, 2024

 HYUNDAI ABS FUNDING, LLC

 By:

 /s/
 Charley Changmin Yoon

 Name: Charley Changmin Yoon

 Title: President and Secretary

 (senior officer in charge of securitization of the
 depositor)


FORM 10-K

 UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

 FORM 10-K

 (Mark One)

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

 For the fiscal year ended December 31, 2023

 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 333-229037-04

 Central Index Key Number of Issuing Entity 0001816571

 Hyundai Auto Receivables Trust 2020-B

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

 Commission File Number of Depositor 333-229037

 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 the

 Registrant)

 (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

 Trading Symbol(s)

 Name of each exchange on which registered

 None

 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 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 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. Yes No

 Indicate by check mark whether the registrant 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). Yes
 No

 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 "emerging
growth company" in Rule 12b-2 of the Exchange Act. (Check one):

 Large Accelerated filer

 Accelerated filer

 Non-accelerated filer

 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 has filed a report
on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting
under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared
or issued its audit report.

 If securities are registered pursuant to Section 12(b) of
the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an
error to previously issued financial statements.

 Indicate by check mark whether any of those error corrections are
restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers
during the relevant recovery period pursuant to §240.10D-1(b).

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

 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.

 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 and Item 1C. Cybersecurity

 (C)

 Item 2. Properties

 (D)

 Item 3. Legal Proceedings

 Item 1B. Unresolved Staff Comments

 None.

 Item 4. [Reserved]

 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)

 [Reserved].

 (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.

 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 2023, Citibank's Agency and Trust group manages in excess
of $8 trillion in fixed income and equity investments on behalf of over 3,000 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 2023, Citibank, N.A. acts as indenture trustee and/or paying agent for approximately 273 various asset backed trusts supported by either
auto loans or leases or equipment loans or leases.

 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 2020-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.

 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 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.

 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 July 22, 2020, 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 July 24, 2020, File No. 333-229037-04)

 10.1

 Receivables Purchase Agreement, dated as of July 22, 2020, 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 July 24, 2020, File No. 333-229037-04)

 10.2

 Sale and Servicing Agreement, dated as of July 22, 2020, 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 July 24, 2020, File No. 333-229037-04)

 10.3

 Owner Trust Administration Agreement, dated as of July 22, 2020, 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 24, 2020, File No. 333-229037-04)

 10.4

 Amended and Restated Trust Agreement, dated as of July 22, 2020, 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 July 24, 2020, File No. 333-229037-04)

 10.5

 Asset Representations Review Agreement, dated as of July 22, 2020, 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 July 24, 2020, File No. 333-229037-04)

 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 Baker Tilly US, 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 22, 2024

 HYUNDAI ABS FUNDING, LLC

 By:

 /s/ Charley Changmin Yoon

 Name: Charley Changmin Yoon

 Title: President and Secretary

 (senior officer in charge of securitization of the depositor)


FORM 10-K

 UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

 FORM 10-K

 (Mark One)

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

 For
 the fiscal year ended December 31, 2023

 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 333-229037-05

 Central Index Key Number of Issuing Entity 0001826501

 Hyundai Auto Receivables Trust 2020-C

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

 Commission File Number of Depositor 333-229037

 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 the

 Registrant)

 (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

 Trading
 Symbol(s)

 Name
 of each exchange on which registered

 None

 None

 None

 Securities registered pursuant to Section 12(g) of
the Act: None.

by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities
Act. Yes
No

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

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
No

by check mark whether the registrant 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). Yes No

 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 "emerging
growth company" in Rule 12b-2 of the Exchange Act. (Check one):

 Large Accelerated filer

 Accelerated filer

 Non-accelerated filer

 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 has filed a report
on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting
under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared
or issued its audit report.

 If securities are registered pursuant to Section 12(b) of
the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an
error to previously issued financial statements.

 Indicate by check mark whether any of those error corrections are
restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers
during the relevant recovery period pursuant to §240.10D-1(b).

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

 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.

 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 and Item 1C. Cybersecurity

 (C)

 Item 2. Properties

 (D)

 Item 3. Legal Proceedings

 Item 1B. Unresolved Staff Comments

 None.

 Item 4. [Reserved]

 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)

 [Reserved].

 (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.

 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 2023, Citibank's Agency and Trust group manages in excess
of $8 trillion in fixed income and equity investments on behalf of over 3,000 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 2023, Citibank, N.A. acts as indenture trustee and/or paying agent for approximately 273 various asset backed trusts supported by
either auto loans or leases or equipment loans or leases.

 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 2020-C (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.

 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 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.

 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
 October 28, 2020, 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 October 29, 2020, File No. 333-229037-05)

 10.1

 Receivables Purchase Agreement,
 dated as of October 28, 2020, 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 October 29,
 2020, File No. 333-229037-05)

 10.2

 Sale and Servicing Agreement,
 dated as of October 28, 2020, 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 October 29, 2020, File No. 333-229037-05)

 10.3

 Owner Trust Administration
 Agreement, dated as of October 28, 2020, 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 October 29, 2020, File No. 333-229037-05)

 10.4

 Amended and Restated Trust
 Agreement, dated as of October 28, 2020, 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 October 29, 2020, File No. 333-229037-05)

 10.5

 Asset Representations Review
 Agreement, dated as of October 28, 2020, 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 October 29, 2020, File No. 333-229037-05)

 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 Baker
 Tilly US, 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 22, 2024

 HYUNDAI ABS FUNDING, LLC

 By:

 /s/ Charley
Changmin Yoon

 Name:

 Charley Changmin Yoon

 Title:

 President and Secretary

 (senior officer in charge of securitization of the
 depositor)


FORM 10-K

 UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

 FORM 10-K

 (Mark One)

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

 For the fiscal year ended December 31, 2023

 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 333-229037-06

 Central Index Key Number of Issuing Entity 0001853902

 Hyundai Auto Receivables Trust 2021-A

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

 Commission File Number of Depositor 333-229037

 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 the

 Registrant)

 (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

 Trading Symbol(s)

 Name of each exchange on which registered

 None

 None

 None

 Securities registered pursuant to Section 12(g) of
the Act: None.

by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes
 No

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

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 No

by check mark whether the registrant 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). Yes No

 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 "emerging
growth company" in Rule 12b-2 of the Exchange Act. (Check one):

 Large Accelerated filer

 Accelerated filer

 Non-accelerated filer

 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 has filed a report
on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting
under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared
or issued its audit report.

 If securities are registered pursuant to Section 12(b) of
the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an
error to previously issued financial statements.

 Indicate by check mark whether any of those error corrections are
restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers
during the relevant recovery period pursuant to §240.10D-1(b).

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

 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.

 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 and Item 1C. Cybersecurity

 (C)

 Item 2. Properties

 (D)

 Item 3. Legal Proceedings

 Item 1B. Unresolved Staff Comments

 None.

 Item 4. [Reserved]

 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)

 [Reserved].

 (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.

 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 2023, Citibank's Agency and Trust group manages in excess
of $8 trillion in fixed income and equity investments on behalf of over 3,000 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 2023, Citibank, N.A. acts as indenture trustee and/or paying agent for approximately 273 various asset backed trusts supported by either
auto loans or leases or equipment loans or leases.

 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 2021-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.

 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 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.

 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 28, 2021, 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 29, 2021, File No. 333-229037-06)

 10.1

 Receivables Purchase Agreement, dated as of April 28, 2021, 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 29, 2021, File No. 333-229037-06)

 10.2

 Sale and Servicing Agreement, dated as of April 28, 2021, 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 29, 2021, File No. 333-229037-06)

 10.3

 Owner Trust Administration Agreement, dated as of April 28, 2021, 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 29, 2021, File No. 333-229037-06)

 10.4

 Amended and Restated Trust Agreement, dated as of April 28, 2021, 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 29, 2021, File No. 333-229037-06)

 10.5

 Asset Representations Review Agreement, dated as of April 28, 2021, 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 29, 2021, File No. 333-229037-06)

 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 Baker Tilly US, 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 22, 2024

 HYUNDAI ABS FUNDING, LLC

 By:

 /s/ Charley
Changmin Yoon

 Name:

 Charley Changmin Yoon

 Title:

 President and Secretary

 (senior officer in charge of securitization of the depositor)


FORM 10-K

 UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

 FORM 10-K

 (Mark One)

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

 For the fiscal year ended December 31, 2023

 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 333-229037-08

 Central Index Key Number of Issuing Entity 0001869889

 Hyundai Auto Receivables Trust 2021-B

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

 Commission File Number of Depositor 333-229037

 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 the

 Registrant)

 (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

 Trading Symbol(s)

 Name of each exchange on which registered

 None

 None

 None

 Securities registered pursuant to Section 12(g) of
the Act: None.

by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
Yes No

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

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
 No

by check mark whether the registrant 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). Yes No

 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 "emerging
growth company" in Rule 12b-2 of the Exchange Act. (Check one):

 Large Accelerated filer

 Accelerated filer

 Non-accelerated filer

 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 has filed a report
on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting
under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared
or issued its audit report.

 If securities are registered pursuant to Section 12(b) of
the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an
error to previously issued financial statements.

 Indicate by check mark whether any of those error corrections are
restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers
during the relevant recovery period pursuant to §240.10D-1(b).

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

 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.

 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 and Item 1C. Cybersecurity

 (C)

 Item 2. Properties

 (D)

 Item 3. Legal Proceedings

 Item 1B. Unresolved Staff Comments

 None.

 Item 4. [Reserved]

 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)

 [Reserved].

 (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.

 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 2023, Citibank's Agency and Trust group manages in excess
of $8 trillion in fixed income and equity investments on behalf of over 3,000 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 2023, Citibank, N.A. acts as indenture trustee and/or paying agent for approximately 273 various asset backed trusts supported by either
auto loans or leases or equipment loans or leases.

 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 2021-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.

 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 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.

 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 July 28, 2021, 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 July 29, 2021, File No. 333-229037-08)

 10.1

 Receivables Purchase Agreement, dated as of July 28, 2021, 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 July 29, 2021, File No. 333-229037-08)

 10.2

 Sale and Servicing Agreement, dated as of July 28, 2021, 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 July 29, 2021, File No. 333-229037-08)

 10.3

 Owner Trust Administration Agreement, dated as of July 28, 2021, 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 29, 2021, File No. 333-229037-08)

 10.4

 Amended and Restated Trust Agreement, dated as of July 28, 2021, 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 July 29, 2021, File No. 333-229037-08)

 10.5

 Asset Representations Review Agreement, dated as of July 28, 2021, 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 July 29, 2021, File No. 333-229037-08)

 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 Baker Tilly US, 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 22, 2024

 HYUNDAI ABS FUNDING, LLC

 By:

 /s/ Charley Changmin Yoon

 Name: Charley Changmin Yoon

 Title: President and Secretary

 (senior officer in charge of securitization of the depositor)


FORM 10-K

 UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

 FORM 10-K

 (Mark One)

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

 For the fiscal year ended December 31, 2023

 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 333-229037-09

 Central Index Key Number of Issuing Entity 0001888347

 Hyundai Auto Receivables Trust 2021-C

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

 Commission File Number of Depositor 333-229037

 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 the

 Registrant)

 (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

 Trading Symbol(s)

 Name of each exchange on which registered

 None

 None

 None

 Securities registered pursuant to Section 12(g) of
the Act: None.

by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
 Yes No

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

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
 No

by check mark whether the registrant 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). Yes No

 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 "emerging
growth company" in Rule 12b-2 of the Exchange Act. (Check one):

 Large Accelerated filer

 Accelerated
 filer

 Non-accelerated filer

 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 has filed a report
on and attestation to its management's assessment of the effectiveness of its internal control over financial reporting
under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared
or issued its audit report.

 If securities are registered pursuant to Section 12(b) of
the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an
error to previously issued financial statements.

 Indicate by check mark whether any of those error corrections are
restatements that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers
during the relevant recovery period pursuant to §240.10D-1(b).

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

 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.

 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 and Item 1C. Cybersecurity

 (C)

 Item 2. Properties

 (D)

 Item 3. Legal Proceedings

 Item 1B. Unresolved Staff Comments

 None.

 Item 4. [Reserved]

 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)

 [Reserved].

 (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.

 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 2023, Citibank's Agency and Trust group manages in excess
of $8 trillion in fixed income and equity investments on behalf of over 3,000 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 2023, Citibank, N.A. acts as indenture trustee and/or paying agent for approximately 273 various asset backed trusts supported by either
auto loans or leases or equipment loans or leases.

 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 2021-C (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.

 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 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.

 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 November 17, 2021, 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 November 18, 2021, File No. 333-229037-09)

 10.1

 Receivables Purchase Agreement, dated as of November 17, 2021, 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 November 18, 2021, File No. 333-229037-09)

 10.2

 Sale and Servicing Agreement, dated as of November 17, 2021, 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 November 18, 2021, File No. 333-229037-09)

 10.3

 Owner Trust Administration Agreement, dated as of November 17, 2021, 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 November 18, 2021, File No. 333-229037-09)

 10.4

 Amended and Restated Trust Agreement, dated as of November 17, 2021, 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 November 18, 2021, File No. 333-229037-09)

 10.5

 Asset Representations Review Agreement, dated as of November 17, 2021, 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 November 18, 2021, File No. 333-229037-09)

 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 Baker Tilly US, 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 22, 2024

 HYUNDAI ABS FUNDING, LLC

 By:

 /s/ Charley Changmin
 Yoon

 Name: Charley Changmin Yoon

 Title: President and Secretary(senior officer in
 charge of securitization of the depositor)