8-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

___________________________________

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported) March 10, 2005

Hyundai ABS Funding Corporation

as Depositor to the Issuer described herein

(Exact Name of Registrant as Specified in Charter)

Delaware	333-108545	33-0978453
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

10550 Talbert Avenue, Fountain Valley, California	92708
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number including area code (714) 594-1579

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

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

INFORMATION TO BE INCLUDED IN THE REPORT

Item 8.01. Other Events.

Hyundai ABS Funding Corporation (the “Registrant”) is hereby filing the servicer report (the “Servicer Report”) which Hyundai Motor Finance Company (“HMFC”) is required to file pursuant to Section 4.09 of the Sale and Servicing Agreement, dated as of September 1, 2004, among Hyundai Auto Receivables Trust 2004-A (the “Issuer”), the Registrant, HMFC and Citibank, N.A., as indenture trustee. The Servicer Report filed hereby covers the period from February 1, 2005 to February 28, 2005.

Item 9.01. Financial Statements and Exhibits.

(c) Exhibits

Exhibit No.	Exhibit
20	February 2005 Servicer Report

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SIGNATURE

Pursuant to the requirements 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 16, 2005 HYUNDAI ABS FUNDING CORPORATION

By:   /s/ David A. Hoeller                            

Name:	David A. Hoeller
Title:	Vice President & Secretary

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EXHIBIT INDEX

Exhibit No.	Exhibit
20	February 2005 Servicer Report

4

EX-20

SERVICER’S CERTIFICATE

Collection Period: February, 2005

Distribution Date: March 15, 2005

Hyundai Auto Receivables Trust 2004-A

        The undersigned certifies that he is the Vice President, Finance, of Hyundai Motor Finance Company, a California corporation (“HMFC”) and that as such he is duly authorized to execute and deliver this certificate on behalf of HMFC pursuant to Section 4.09 of the Sales and Servicing Agreement dated September 1, 2004, among HMFC, as Seller and Servicer, Citibank N.A., as Indenture Trustee, Hyundai ABS Funding Corporation, as the Depositor and, the Hyundai Auto Receivables Trust 2004-A, as Issuer (the “Sales and Servicing Agreement”) (all capitalized terms used herein without definition have the respective meanings specified in the Sales and Servicing Agreement) and further certifies that:

1. The Servicer’s report for the period from February 1, 2005, to February 28, 2005, attached to this certificate is complete and accurate and contains all information required by Section 4.09 of the Sales and Servicing Agreement; and

2. As of February 31, 2005, no Event of Servicing Termination or event that with notice or lapse of time or both would become an Event of Servicing Termination has occurred.

        IN WITNESS WHEREOF, I have affixed hereunto my signature this 10^th day of March 2005.

HYUNDAI MOTOR FINANCE COMPANY, as Servicer a California corporation
By:	/s/ David A. Hoeller
	David A. Hoeller Vice President, Finance

Hyundai Auto Receivables Trust 2004-A
Monthly Servicing Report

Collection Period	FEBRUARY, 2005
Distribution Date	03/15/05
Transaction Month	6
30/360 Days	30
Actual/360 Days	28

I. ORIGINAL DEAL PARAMETERS

Cut off Date:	July 31, 2004
Closing Date:	September 1, 2004

		Dollars	Units		WAC			WAM
Original Pool Balance:	$	807,850,711.24	48,534		7.060	%		58.76
		Dollar Amount	% of Pool		Coupon Rate			Final Payment Date
Class A-1 Notes	$	155,000,000.00	19.167	%	1.78125	%	September 15, 2005
Class A-2 Notes	$	215,000,000.00	26.594	%	2.36000	%	September 15, 2007
Class A-3 Notes	$	188,000,000.00	23.252	%	2.97000	%		May 15, 2009
Class A-4 Notes	$	92,100,000.00	11.381	%	3.54000	%		August 15, 2011
Class B Notes	$	36,500,000.00	4.498	%	3.46000	%		August 15, 2011
Class C Notes	$	26,900,000.00	3.310	%	3.36000	%		August 15, 2011
Class D Notes	$	32,800,000.00	4.040	%	4.10000	%		August 15, 2011
Total Securities	$	746,300,000.00	92.241	%
Overcollateralization	$	23,043,718.45	2.995	%
YSOA	$	38,506,992.79	4.767	%
Total Original Pool Balance	$	807,850,711.24	100.00	%

II. POOL BALANCE AND PORTFOLIO INFORMATION

		Beginning of Period				Ending of Period				Change
		Balance		Pool Factor		Balance		Pool Factor
Class A-1 Notes	$	28,642,334.65		0.1847893	$	7,637,449.03		0.0492739	$	21,004,885.62
Class A-2 Notes	$	215,000,000.00		1.0000000	$	215,000,000.00		1.0000000	$	—
Class A-3 Notes	$	188,000,000.00		1.0000000	$	188,000,000.00		1.0000000	$	—
Class A-4 Notes	$	92,100,000.00		1.0000000	$	92,100,000.00		1.0000000	$	—
Class B Notes	$	36,500,000.00		1.0000000	$	36,500,000.00		1.0000000	$	—
Class C Notes	$	26,900,000.00		1.0000000	$	26,900,000.00		1.0000000	$	—
Class D Notes	$	32,800,000.00		1.0000000	$	32,800,000.00		1.0000000	$	—
Total Securities	$	619,942,334.65		0.8306878	$	598,937,449.03		0.8025425	$	21,004,885.62
Weighted Avg. Coupon (WAC)		6.98	%			6.94	%
Weighted Avg. Remaining Maturity (WARM)		53.05				52.09
Pool Receivables Balance	$	690,568,782.13			$	669,740,568.64
Remaining Number of Receivables		45,403				44,733
Adjusted Pool Balance	$	658,444,471.86			$	638,828,167.18

III. COLLECTIONS
Principal:
Principal Collections	$	19,051,108.31
Repurchased Contract Proceeds Related to Principal	$	—
Liquidation Proceeds	$	—
Recoveries from Prior Month Charge-Offs	$	230,973.41
Total Principal Collections	$	19,282,081.72
Interest:
Interest Collections	$	3,780,278.00
Late Fees & Other Charges	$	65,251.56
Interest on Repurchase Principal	$	—
Total Interest Collections	$	3,845,529.56
Collection Account Interest	$	34,328.18
Reserve Account Interest	$	10,138.13
Total Collections	$	23,172,077.59

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Hyundai Auto Receivables Trust 2004-A
Monthly Servicing Report

Collection Period	FEBRUARY, 2005
Distribution Date	03/15/05
Transaction Month	6
30/360 Days	30
Actual/360 Days	28

IV. DISTRIBUTIONS
Total Collections	$	23,172,077.59
Reserve Account Release	$	—
Reserve Account Draw	$	—
Total Available for Distribution	$	23,172,077.59

	Amount Due		Amount Paid
1. Servicing Fee @1.00%:
Servicing Fee Due	$	575,473.99	$	575,473.99	$	575,473.99
Collection Account Interest					$	34,328.18
Late Fees & Other Charges					$	65,251.56
Total due to Servicer					$	675,053.73
2. Class A Noteholders Interest:
Class A-1 Notes	$	39,681.57	$	39,681.57
Class A-2 Notes	$	422,833.33	$	422,833.33
Class A-3 Notes	$	465,300.00	$	465,300.00
Class A-4 Notes	$	271,695.00	$	271,695.00
Total Class A interest:	$	1,199,509.90	$	1,199,509.90	$	1,199,509.90
3. First Priority Principal Distribution:	$	—	$	—	$	—
4. Class B Noteholders Interest:	$	105,241.67	$	105,241.67	$	105,241.67
5. Second Priority Principal Distribution:	$	—	$	—	$	—
6. Class C Noteholders Interest:	$	75,320.00	$	75,320.00	$	75,320.00
7. Third Priority Principal Distribution:	$	—	$	—	$	—
8. Class D Noteholders Interest:	$	112,066.67	$	112,066.67	$	112,066.67
Available Funds Remaining:					$	21,004,885.62
9. Regular Principal Distribution Amount:					$	21,004,885.62

	Distributable Amount		Paid Amount
Class A-1 Notes			$	21,004,885.62
Class A-2 Notes			$	—
Class A-3 Notes			$	—
Class A-4 Notes			$	—
			$	21,004,885.62
Class A Notes Total:	$	129,288,736.94
Class B Notes Total:	$	41,627,573.71	$	—
Class C Notes Total:	$	45,637,497.30	$	—
Class D Notes Total:	$	11,833,739.01	$	—
Total Noteholders Principal			$	21,004,885.62

10. Available Amounts Remaining to reserve account	0.00
11. Trust Fees and Expenses	0.00
12. Remaining Available Collections Released to Cetificateholder	0.00

V. YIELD SUPPLEMENT OVERCOLLATERALIZATION AMOUNT (YSOA)
Beginning Period Required Amount	$	32,124,310.27
Beginning Period Amount	$	32,124,310.27
Current Period Amortization	$	1,211,908.81
Ending Period Required Amount	$	30,912,401.46
Ending Period Amount	$	30,912,401.46
Next Distribution Date Required Amount	$	29,722,318.67

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Hyundai Auto Receivables Trust 2004-A
Monthly Servicing Report

Collection Period	FEBRUARY, 2005
Distribution Date	03/15/05
Transaction Month	6
30/360 Days	30
Actual/360 Days	28

VI. RESERVE ACCOUNT
Beginning Period Required Amount	$	5,770,077.89
Beginning Period Amount	$	5,770,077.89
Current Period Release to Collection Account	$	—
Current Period Deposit		0.00
Current Period Release to Depositor	$	—
Ending Period Required Amount (0.75% of APB of cut-off date)	$	5,770,077.89
Ending Period Amount	$	5,770,077.89

VII. OVERCOLLATERALIZATION

		Beginning			Ending			Target
Overcollateralization Amount	$	38,502,137.21		$	39,890,718.15		$	51,724,457.16
Overcollateralization as a % of Original Pool		4.77	%		4.94	%		6.40	%
Overcollateralization as a % of Current Pool		5.58	%		5.96	%		7.72	%

VIII. DELINQUENCY AND NET LOSS ACTIVITY

	Units Percent		Units	Dollars Percent			Dollar Amount
Current	97.92	%	43,804	98.05	%	$	656,667,109.24
30 - 59 Days	1.62	%	723	1.56	%	$	10,431,733.24
60 - 89 Days	0.36	%	159	0.31	%	$	2,074,171.88
90 + Days	0.11	%	47	0.08	%	$	567,554.28
			44,733			$	669,740,568.64
Total
Delinquent Receivables 60 + days past due	0.46	%	206	0.39	%	$	2,641,726.16
Delinquency Ratio 60+ for 1st Preceding Collection Period	0.69	%	314	0.62	%	$	4,314,097.78
Delinquency Ratio 60+ for 2nd Preceding Collection Period	0.70	%	323	0.60	%	$	4,268,004.51
Three-Month Average Delinquency Ratio	0.62	%		0.54	%

Repossession in Current Period		117
Repossession Inventory		150
Charge-Offs
Gross Principal of Charge-Off for Current Period	$	1,777,105.18
Recoveries for Current Period	$	—
Recoveries on Previous Charge-off Contracts	$	(230,973.41	)
Net Charge-offs for Current Period	$	1,546,131.77
Average Pool Balance for Current Period	$	680,154,675.39
Net Loss Ratio		2.73	%
Net Loss Ratio for 1st Preceding Collection Period		2.71	%
Net Loss Ratio for 2nd Preceding Collection Period		2.70	%
Three-Month Average Net Loss Ratio for Current Period		2.71	%
Cumulative Net Losses for All Periods	$	6,581,569.30
Cumulative Net Losses as a % of Initial Pool Balance		0.81	%

The undersigned hereby represents and warrants that the foregoing is a true and accurate accounting with respect to the outstandings as of February 28, 2005, in accordance with the Sale and Servicing Agreement dated as of September 1, 2004, and that all the representations and warranties set forth in Section 3.01 and made by HMFC, as Seller, are hereby restated and reaffirmed.

	HYUNDAI MOTOR FINANCE COMPANY, AS SERVICER
By:	/s/ David A. Hoeller
Name:	David A. Hoeller
Title:	Vice President, Finance
Date:	March 10, 2005

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