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In the 2005 Dodge Magnum, the speed sensors are located near the tires, with four of them present in the car. They monitor the tire revolutions to communicate the car's speed to the ECU. If any of these sensors malfunctions, issues like inaccurate speedometer readings and improper engine performance may arise due to confusion regarding speed and power requirements. A warning light will signal a faulty sensor, which can be replaced inexpensively, typically around $40. Ignoring this issue could result in lasting damage or even a speeding ticket, so it is advisable not to overlook it.
In the 2005 Dodge Magnum, you can locate the speed sensor on the right side of the transmission, close to the output shaft.