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The 2020 manual on pages 3-47 thru 3-50 clearly shows how the imobilizer and the phantom theft deterrent system are two different things. The theft deterrent system makes a fuss when it "detects inappropriate entry", consistent with the industry use of the term. What's strange is it says it will trigger when a door is opened with the auxilliary key?! Figure that one out. Better yet don't since the system does not exist in the U.S. it would seem.This has been my experience as well. I can appreciate what an alarm is designed to do, the problem is that in many cases, it just doesn't.
IMO, a better theft deterrent system is the blinking "security" LED found on some cars, and usually installed with most aftermarket car alarms. A thief sees that and has to factor the potential of a loud alarm or an immobilizer into their decision to break in, similar to the way a Beware of Dog sign in the window of your house works. I wonder if this is what Mazda is describing when they mention the Theft Deterrent System? My CX-9 Sig does have a blinking red icon in the instrument cluster that is visible from outside of the driver's side window, but its a lot less obvious than the blinking LED you'd find installed on the steering column cover in an aftermarket alarm installation.
Pretty sure the flashing dash light is confirming the engine immobilizer is activated and is probably meant to provide the sentinal affect you describe to scare away the less than proficient thief. My Toyota has EI but no TDS and does the same thing.
There's also a little inadvertant manual humor. The very next page covers the vehicle's "Break-in Period".
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