yes, no and sort of
there's a few computers in cars nowadays
such as body, engine, abs, steering, brakes, dash and probably more
A cheap unit will only normally connect to the engine, read errors and clear them
as they go more expensive they read and connect to more modules
I have a very cheap one I found on a car boot. I use it quite a lot as its very fast if its just an engine check light on. A more useful one can also display live data.
I also have a multiplexer that works with WOW and Delphi. This allows you to view all modules and display live data on virtually every sensor, recalibrate the steering, adjust the auto locking and so on
very similar to
multiECUscan
garages generally go one step further. Its all built into what resembles a tablet.
in conclusion you get more functionality the more you spend. A general scanner for Europe cars that can Reset service interval, reset air bag, clear and read engine codes and read live data will do 90% of the time
maybe someone can recommend one know to work and tested with the Panda I look a few months ago a few around £50 looked tempting.