The price of honesty: cars with a complete history may become more expensive due to the new digital passport.
In Russia, the creation of a new digital vehicle passport is being discussed. Unlike the existing electronic vehicle registration certificate (PTS), which only records basic characteristics and changes of ownership, the new system proposes to store the complete history of the car: mileage, all repairs, accidents, liens, and even the price of each resale, reports RBC, citing the head of the "Russian Automobile Dealers" Association (ROAD), Alexey Podshchekolin.
The initiative is being prepared as part of the draft law "On the operation, repair, maintenance, and disposal of motor vehicles" and is being discussed with government agencies. As Podshchekolin explained, official dealers will be required to make entries in this digital passport with each service visit. If the owner gets repairs done at an illegal service that does not pay taxes, that record will not be included. This will reduce the transparency of the vehicle's history.
"A car that passes all checkouts and has not been in an accident is positioned higher in the market," Podshchekolin's words are quoted by the "Avtokod" portal. Thus, a complete digital footprint could make a car more expensive at resale. Access to the database is proposed to be made open, but for a small fee, clarifies RBA.
The "Gosuslugi" portal reminds in its memo that since November 2020, all new cars in Russia receive an electronic passport (EPTS), which cannot be lost or forged. However, it does not contain dynamic information about repairs and accidents — this is precisely what is proposed to be added.
If the law is passed, mechanics "in garages" and unofficial service stations will not have the technical ability to legitimately confirm the fact of work performed. Owners of such cars, even if the vehicle is in perfect condition, may face distrust from buyers when selling and will be forced to lower the price.
Другие Новости Кирова (НЗК)
The price of honesty: cars with a complete history may become more expensive due to the new digital passport.
Car dealers proposed to collect the entire "biography" of a car — from the first maintenance to disposal — in a single online database. Access to the data will likely come at a cost, while cars without a digital footprint risk losing value upon resale.
