What does P0500 mean?
P0500 means the ECU has detected a vehicle speed sensor fault or missing vehicle speed signal. Depending on the car, the speed signal may come from a gearbox speed sensor, ABS wheel speed sensors, a vehicle speed sensor, or data shared between control modules. That is why P0500 should be diagnosed properly instead of replacing the first sensor you see.
Most likely area
Vehicle speed sensor, ABS wheel speed sensor, wiring, connector, reluctor ring, gearbox sensor or module communication.
Urgency
Moderate to high if the speedometer, ABS, traction control or gearbox behaviour is affected.
MOT risk
Can affect speedometer operation, ABS warning lights, ESC/traction systems and road safety.