[Auto]AMDA promotes a platform to reduce fraud in the purchase and sale of pre-owned automobiles

[SougarLord]

The validation of vehicle information, through the serial number or VIN, will allow buyers and sellers of automobiles from AMDA's partner dealer network to validate the correct composition of the serial number, as well as to consult online inside the insurance sector that said vehicle is not linked to an offense.

 

                                                          

 

This information will add certainty to the participants of said transactions, which will also help reduce fraud in the buying and selling process.

 

To this end, the associations will make available to all the Agencies and Distributor Groups access to the VINPLUS online system, which allows expanding the information emanating from a Vehicle Identification Number (VIN, for its acronym in English).

 

For the first time, AMDA distributors will have a benchmark guide for heavy commercial units. Likewise, this collaboration is joined by the Mexican Association of Insurance Institutions, AMIS, making relevant information available through the same platform, integrating data such as vehicle theft, declaration of total losses and the validity of insurance policies.

 

“This alliance is the result of the interest of the distributors organized in their different Committees to obtain greater benefits from the applications offered by the Association to verify the authenticity of the vehicle identification numbers (VIN) and consult the first guide of reference values of used heavy vehicles ”, explained Guillermo Rosales Zárate, deputy general director of the AMDA.

 

The objective, added Ángel Martínez Álvarez, general director of Cesvi México, “is to unify the information of the vehicle identification through technical sheets, approved key and commercial value (depreciation algorithm) between the government, insurance (AMIS), assembly plants and all those entities involved; making this tool the main means of automotive consultation in Mexico.

 

”Cesvi México undertook the task of developing a vehicle identification system in 2000 and at that time it was known as CESVIVIN. Since then, it has allowed to validate VIN numbers based on the specifications of the current Official Mexican Standard *, as well as to corroborate the exceptions to the NOM and to break down up to seven characteristics of a vehicle such as make, model, year, engine, assembly plant, country of origin and security systems.

 

In 20 years of continuous improvement, the VINPLUS system has managed more than 30 million validations of VIN series for its clients, among which are twenty-four insurance companies, five pledges, eight government institutions, the Public Vehicle Registry (Repuve), local governments and vehicle control offices, two theft recovery institutions, the Coordinating Office for Insured Risks (OCRA), state prosecutors and three used vehicle marketers.

 

"For buyers and sellers of pre-owned vehicles it is very important to know that said vehicle is not linked to an illegal act; currently there is public information that allows this validation, if there is a complaint with the corresponding authorities. The participation of the insurance sector is to bring information closer relating to vehicles that have been stolen during the validity of a policy, thereby continuing to add the people involved in this process, "said Recaredo Arias, CEO of AMIS and president of GFIA (Global Federation of Insurance Associations).

 

"This type of collaboration is part of the strategy of digitization and democratization of the information related to insured vehicles, as is the Insured Vehicle Registry (REVECA), which is also migrating to a Blockchain technology that will add with encryption and policy authenticity padlocks. This collaboration with AMDA and Cesvi will also connect to this platform, which will allow to validate if a vehicle has a valid policy and, on the other hand, to authenticate the validity of an insurance policy. which offers greater certainty to vehicle buyers, ”concluded the AMIS official.

 

“In addition to this project, AMDA and AMIS work closely with the authorities to analyze and improve the information that vehicle owners should know, through the Public Vehicle Registry (Repuve), which was created a decade ago and, for technological evolution itself, it is important to grow, improve and above all digitize; with this, the organizations of the automotive industry join the design of tools that offer certainty and security to the citizens ”, concluded Engineer Guillermo Rosales, Deputy General Director of AMDA.

 

"Among the many benefits that VINPLUS users have obtained are the discovery of capture errors, the detection of highlighted vehicles as well as the discovery of fraud, aspects that with other tools and systems it was not possible to obtain", underlined Ángel Martínez.

 

And it is that there was no regulation of the vehicle code assigned by the government to identify vehicle models, nor was there a standard in commercial values or classification in heavy equipment (tractors and trucks), in addition to that a standardized catalog of makes, models and versions.

 

Now, with the evolution from CESVIVIN to VINPLUS, automotive dealers will have access to a key approved with the AMIS for Unified Information and generate statistical data, exchanging information in an agile way on commercial value and transparency in its calculation with a supported methodology; In addition to being able to consult the history of commercial values online, detailed technical information on the specific equipment by type of unit and versions, which may have around 30 different characteristics on average for light vehicles and 50 particularities for heavy equipment. Among those that stand out the type of propulsion they use (fuel, electric, hybrid) as well as the driving assistance systems (ADAS).

 

* Up to now, 3 versions of the NOM have been published: NOM-131-SCFI-1998, NOM-131-SCFI-2004, NOM-001-SSP-2008