8-K

UNITED STATES
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): December 15, 2005

HYUNDAI ABS FUNDING CORPORATION

(Exact name of Registrant as Specified in its Charter)

DELAWARE	333-108545	33-0978453
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

10550 TALBERT AVENUE
FOUNTAIN VALLEY, CALIFORNIA 92708

(Address of Principal Executive Offices)

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

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 (see General Instruction A.2. below):

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

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

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

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

TABLE OF CONTENTS

	ITEM 8.01 OTHER EVENTS
	ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
EXHIBIT INDEX
Exhibit 20.1

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 July 8, 2005, among Hyundai Auto Receivables Trust 2005-A (the “Issuer”), the Registrant, HMFC and Citibank, N.A., as indenture trustee. The Servicer Report filed hereby covers the period from November 1, 2005 to November 30, 2005.

ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS

     (a) Not applicable.

     (b) Not applicable.

     (c) Exhibits

     The exhibit number corresponds with Item 601(a) of Regulation S-K.

Exhibit No.	Description
Exhibit 20.1	Servicer’s Report

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on behalf of the Registrant by the undersigned thereunto duly authorized.

HYUNDAI ABS FUNDING CORPORATION
By:	/s/ Min Sok Randy Park
	Name:	Min Sok Randy Park
	Title:	Vice President and Secretary

Date: December 15, 2005

EXHIBIT INDEX

Item 601(a) of Regulation S-K

Exhibit No.	Description
Exhibit 20.1	Servicer’s Report

EX-20.1

Hyundai Auto Receivables Trust 2005-A

Monthly Servicing Report

Collection Period	November 2005
Distribution Date	12/15/05
Transaction Month	5
30/360 Days	30
Actual/360 Days	30

I. ORIGINAL DEAL PARAMETERS

Cut off Date:	May 31, 2005
Closing Date:	July 8, 2005

	Dollars		Units		WAC			WAM
Original Pool Balance:	$	855,479,000.03		52,391		7.170	%		59.43

	Dollar Amount		% of Pool			Coupon Rate			Final Payment Date
Class A-1 Notes	$	169,000,000.00		19.755	%		3.51438	%	July 17, 2006
Class A-2 Notes	$	230,000,000.00		26.886	%		3.88000	%	June 16, 2008
Class A-3 Notes	$	171,000,000.00		19.989	%		3.98000	%	November 16, 2009
Class A-4 Notes	$	110,300,000.00		12.893	%		4.18000	%	February 15, 2012
Class B Notes	$	31,900,000.00		3.729	%		4.20000	%	February 15, 2012
Class C Notes	$	27,900,000.00		3.261	%		4.22000	%	February 15, 2012
Class D Notes	$	33,900,000.00		3.963	%		4.45000	%	February 15, 2012
Total Securities	$	774,000,000.00		90.476	%
Overcollateralization	$	23,971,587.81		3.004	%
YSOA	$	57,507,412.22		6.722	%
Total Original Pool Balance	$	855,479,000.03		100.20	%

II. POOL BALANCE AND PORTFOLIO INFORMATION

	Beginning of Period					Ending of Period					Change
	Balance			Pool Factor		Balance			Pool Factor
Class A-1 Notes	$	53,194,284.06			0.3147591	$	31,922,923.18			0.1888930	$	21,271,360.88
Class A-2 Notes	$	230,000,000.00			1.0000000	$	230,000,000.00			1.0000000	$	—
Class A-3 Notes	$	171,000,000.00			1.0000000	$	171,000,000.00			1.0000000	$	—
Class A-4 Notes	$	110,300,000.00			1.0000000	$	110,300,000.00			1.0000000	$	—
Class B Notes	$	31,900,000.00			1.0000000	$	31,900,000.00			1.0000000	$	—
Class C Notes	$	27,900,000.00			1.0000000	$	27,900,000.00			1.0000000	$	—
Class D Notes	$	33,900,000.00			1.0000000	$	33,900,000.00			1.0000000	$	—
Total Securities	$	658,194,284.06			0.8503802	$	636,922,923.18			0.8228978	$	21,271,360.88
Weighted Avg. Coupon (WAC)		7.10	%				7.08	%
Weighted Avg. Remaining Maturity (WARM)		54.69					53.76
Pool Receivables Balance	$	747,777,117.18				$	726,650,236.32
Remaining Number of Receivables		49,287					48,617
Adjusted Pool Balance	$	697,565,175.03				$	678,195,498.61

III. COLLECTIONS

Principal:
Principal Collections	$	19,733,962.69
Repurchased Contract Proceeds Related to Principal	$	—
Liquidation Proceeds	$	—
Recoveries from Prior Month Charge-Offs	$	138,695.67
Total Principal Collections	$	19,872,658.36
Interest:
Interest Collections	$	4,195,436.71
Late Fees & Other Charges	$	64,943.69
Interest on Repurchase Principal	$	—
Total Interest Collections	$	4,260,380.40
Collection Account Interest	$	67,688.01
Reserve Account Interest	$	12,706.69
Total Collections	$	24,213,433.46

1 of 3

Hyundai Auto Receivables Trust 2005-A

Monthly Servicing Report

Collection Period	November 2005
Distribution Date	12/15/05
Transaction Month	5
30/360 Days	30
Actual/360 Days	30

IV. DISTRIBUTIONS

Total Collections	$	24,213,433.46
Reserve Account Release	$	—
Reserve Account Draw	$	—
Total Available for Distribution	$	24,213,433.46

	Amount Due		Amount Paid
1. Servicing Fee @1.00%:
Servicing Fee Due	$	623,147.60	$	623,147.60	$	623,147.60
Collection Account Interest					$	67,688.01
Late Fees & Other Charges					$	64,943.69
Total due to Servicer					$	755,779.30
2. Class A Noteholders Interest:
Class A-1 Notes	$	155,787.44	$	155,787.44
Class A-2 Notes	$	743,666.67	$	743,666.67
Class A-3 Notes	$	567,150.00	$	567,150.00
Class A-4 Notes	$	384,211.67	$	384,211.67
Total Class A interest:	$	1,850,815.78	$	1,850,815.78	$	1,850,815.78
3. First Priority Principal Distribution:	$	—	$	—	$	—
4. Class B Noteholders Interest:	$	111,650.00	$	111,650.00	$	111,650.00
5. Second Priority Principal Distribution:	$	—	$	—	$	—
6. Class C Noteholders Interest:	$	98,115.00	$	98,115.00	$	98,115.00
7. Third Priority Principal Distribution:	$	—	$	—	$	—
8. Class D Noteholders Interest:	$	125,712.50	$	125,712.50	$	125,712.50
Available Funds Remaining:					$	21,271,360.88
9. Regular Principal Distribution Amount:					$	21,271,360.88

	Distributable Amount		Paid Amount
Class A-1 Notes			$	21,271,360.88
Class A-2 Notes			$	—
Class A-3 Notes			$	—
Class A-4 Notes			$	—
Class A Notes Total:	$	119,677,352.02	$	21,271,360.88
Class B Notes Total:	$	31,900,000.00	$	—
Class C Notes Total:	$	27,900,000.00	$	—
Class D Notes Total:	$	5,602,229.03	$	—
Total Noteholders Principal			$	21,271,360.88
10. Available Amounts Remaining to reserve account					0.00
11. Trust Fees and Expenses					0.00
12. Remaining Available Collections Released to Certificateholder					0.00

V. YIELD SUPPLEMENT OVERCOLLATERALIZATION AMOUNT (YSOA)

Beginning Period Required Amount	$	50,211,942.15
Beginning Period Amount	$	50,211,942.15
Current Period Amortization	$	1,757,204.44
Ending Period Required Amount	$	48,454,737.71
Ending Period Amount	$	48,454,737.71
Next Distribution Date Required Amount	$	46,724,723.14

2 of 3

Hyundai Auto Receivables Trust 2005-A

Monthly Servicing Report

Collection Period	November 2005
Distribution Date	12/15/05
Transaction Month	5
30/360 Days	30
Actual/360 Days	30

VI. RESERVE ACCOUNT

Beginning Period Required Amount	$	3,989,857.94
Beginning Period Amount	$	3,989,857.94
Current Period Release to Collection Account	$	—
Current Period Deposit	$	—
Current Period Release to Depositor	$	—
Ending Period Required Amount (0.5% of APB of cut-off date)	$	3,989,857.94
Ending Period Amount	$	3,989,857.94

VII. OVERCOLLATERALIZATION

	Beginning			Ending			Target
Overcollateralization Amount	$	39,370,890.97		$	41,272,575.43		$	46,874,804.46
Overcollateralization as a % of Original Pool (unadjusted)		4.60	%		4.82	%		5.48	%
Overcollateralization as a % of Current Pool (unadjusted)		5.27	%		5.68	%		6.45	%

VIII. DELINQUENCY AND NET LOSS ACTIVITY

	Units Percent			Units		Dollars Percent			Dollar Amount
Current		97.94	%		47,617		98.04	%	$	712,391,312.97
30 - 59 Days		1.56	%		759		1.62	%	$	11,742,514.06
60 - 89 Days		0.36	%		177		0.34	%	$	2,469,713.11
90 + Days		0.13	%		64		0.01	%	$	46,696.18
					48,617				$	726,650,236.32
Total
Delinquent Receivables 60 + days past due		0.50	%		241		0.35	%	$	2,516,409.29
Delinquency Ratio 60+ for 1st Preceding Collection Period		0.42	%		209		0.40	%	$	2,997,465.58
Delinquency Ratio 60+ for 2nd Preceding Collection Period		0.40	%		199		0.35	%	$	2,727,740.82
Three-Month Average Delinquency Ratio		0.44	%				0.37	%
Repossession in Current Period										93
Repossession Inventory										129
Charge-Offs
Gross Principal of Charge-Off for Current Period									$	1,392,918.17
Recoveries for Current Period									$	—
Recoveries on Previous Charge-off Contracts									$	(138,695.67	)
Net Charge-offs for Current Period									$	1,254,222.50
Average Pool Balance for Current Period									$	737,213,676.75
Net Loss Ratio										2.04	%
Net Loss Ratio for 1st Preceding Collection Period										1.32	%
Net Loss Ratio for 2nd Preceding Collection Period										1.61	%
Three-Month Average Net Loss Ratio for Current Period										1.66	%
Cumulative Net Losses for All Periods									$	3,599,218.92
Cumulative Net Losses as a % of Initial Pool Balance										0.42	%

     The undersigned hereby represents and warrants that the foregoing is a true and accurate accounting with respect to the outstandings as of November 30, 2005, in accordance with the Sale and Servicing Agreement dated as of July 8, 2005, 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/ Min Sok Randy Park
Name: Title: Date:	Min Sok Randy Park Director, Finance (acting as Vice President, Finance) December 9, 2005

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SERVICER’S CERTIFICATE

Collection Period:            November 2005
Distribution Date:            December 15, 2005

Hyundai Auto Receivables Trust 2005-A

     The undersigned certifies that he is an officer 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 Sale and Servicing Agreement dated July 8, 2005 among Hyundai Auto Receivables Trust 2005-A, as Issuer, Hyundai ABS Funding Corporation, as Depositor, HMFC, as Seller and Servicer and Citibank, N.A., as Indenture Trustee (the “Sale and Servicing Agreement”) (all capitalized terms used herein without definition have the respective meanings specified in the Sale and Servicing Agreement) and further certifies that:

     1. The Servicer’s report for the period from November 1, 2005 to November 30, 2005 attached to this certificate is complete and accurate and contains all information required by Section 4.09 of the Sale and Servicing Agreement; and

     2. As of November 30, 2005, no Servicer Termination Events have occurred.

     IN WITNESS WHEREOF, I have fixed hereunto my signature this 9th day of December 2005.

HYUNDAI MOTOR FINANCE COMPANY, as Servicer
By:	/s/ Min Sok Randy Park
	Name:	Min Sok Randy Park
	Title:	Acting Vice President, Finance