Pete, is there any chance your speedometer is in Kph and you think it is in Mph. 60 kph = approx. 37 mph.
If not, I would say you need to replace speedometer.
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How old is this car it either has a speedo cable or it is electronic which means cable is broken or sensor has stopped working if cable broke u need to undo at transmission and replace of go to dealer and have them fixit it might be the gear at the trans also
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