Shifted to 1st gear @ Freeway speeds.. advice?



So is this a speed sensor problem which warrants a conductor plate replacement? Some initial searches on this forum tell me this is the main culprit... just want to make sure before I tear into it. FWIW, it's a 1999 E320 wagon with 306,000 miles on it (tranny rebuilt in 2011 but conductor plate was not replaced).
So is this a speed sensor problem which warrants a conductor plate replacement? Some initial searches on this forum tell me this is the main culprit... just want to make sure before I tear into it. FWIW, it's a 1999 E320 wagon with 306,000 miles on it (tranny rebuilt in 2011 but conductor plate was not replaced).
best regards


