THE car anti-theft industry in Hong Kong should be regulated, according to people within the motor industry.
The territory's adoption of a car security approval system, similar to one recently implemented by British insurance companies, would help regulate prices and spurious claims, they say.
James Middleton, the distributor for the Cyclops alarm and immobiliser system, claims some insurance companies are not making informed choices of alarms for their policy holders.
''Some insurance companies are judging the systems on price alone. I know of one company that specifies certain alarms or alarms costing $8,000 or more,'' he said.
Many agents believe some alarm suppliers have raised their prices to take advantage of these gullible insurers.
Consumers are compelled to buy the systems recommended by the insurers. Refusal leaves the motorist facing loss of insurance cover.