Either the cable dry or something is wrong in the head. Take the cable out first and lube it and see if that fixes it.
The odds are that the speedometer cable is snapped (it will not look broken so you can not tell without disconnecting it) or the transmission speedometer output gear is broken. Y-THINK-Y
On top of the trans close to the firewall and engine block. Look where the shift cables (manual trans) come out of the firewall.
tercel
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