P0500 means the engine control unit is not receiving a valid signal from the vehicle speed sensor. This sensor, typically mounted on the transmission or wheel hub, tells the ECU how fast the vehicle is moving. Without it, the speedometer, cruise control, ABS, and transmission shift logic are affected.
P0500 is a electrical-related diagnostic trouble code classified as moderate severity. When your vehicle's ECU detects this condition, it stores P0500 and illuminates the check engine light.
