The P0500 code is common on the Camry. Before replacing the sensor, you should try cleaning the sensor gear and erasing the code. If the light comes back, you may have to replace the sensor.
Check the 'Possible Causes' listed above. Visually inspect the related wiring harness and connectors. Check for damaged components and look for broken, bent, pushed out, or corroded connector pins.
The cost to diagnose the P0500 2001 Toyota Camry code is 1.0 hour of labor. The diagnosis time and labor rates at auto repair shops vary depending on the location, make and model of the vehicle, and even the engine type. Most auto repair shops charge between $75 and $150 per hour.
The almost 0 km/h (0 MPH) signal from vehicle speed sensor is sent to ECM even when vehicle is being driven.
The vehicle speed sensor outputs a 4 pulse signal for every revolution of the rotor shaft, which is rotated by the transmission output shaft via the driven gear. After this signal is converted into a more precise rectangular waveform by the waveform shaping circuit inside the combination meter, it is then transmitted to the Engine Control Module (ECM). The ECM determines the vehicle speed based on the frequency of these pulse signals.
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