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It very well could be the Vehicle Speed Sensor, if it has one. It will shift into low so that the vehicle can be limped into a shop to have it replaced. Should only take no more than a half hour and the sensor itself can be purchase for around $20 at any parts place that knows their stuff.

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Q: Your 93 dodge caravan while driving the transmission just down shifted into low Is it possible then solenooid relay is messed up?
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