Check this first
Note whether the speedometer and cruise control still work – that tells the shop where to look.
What usually fixes it
In the order a good shop checks them. Typical total: $140–$424 at $130 an hour.
Vehicle speed or wheel speed sensor
$155–$375A failed sensor takes out the speed signal, cruise and sometimes ABS.
Wiring to the sensor
$171–$394Chafed wiring near the wheel or gearbox.
Code titles are the generic SAE definitions. Prices are typical US parts and labor for a common car or light truck – a guide for judging a quote, not a quote. Always confirm a repair against the vehicle in front of you.