Hold light flashing on the dash

1999 MAZDA 323
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JUDDY
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Engine Performance problem Two Wheel Drive Automatic 85,000 miles

Hi

We bought a Mazsa Familia 2 months ago from a car dealer. Every so often when driving the hold light will flash on the dashboard. I have taken it to the car dealers mechanic and they said they checked everything and they cannot find any problem. I drove off and it started happening again so I left the motor running so they could see because as soon as you turn the motor off the hold light stops flashing. The mechanic thinks it might be something to do with the speedo sensor. Does this sound right? I am worried that it will be something to do with the transmission and if it is not picked up now while the car is under a 3 month warranty we may have a big bill to pay later.

Any ideas?

Thanks
Dec 8, 2008 at 7:08 PM
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RICHARDJOE
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does the transmission shift down when you press the hold button? It sounds like the transmission is going bad which is common on these cars.

Please let us know what you find.

Cheers
Jan 4, 2009 at 9:26 PM
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JUDDY
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Thank you for your response. We found out about a month ago that it was the transmission.
Jan 4, 2009 at 9:31 PM
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ROBERTBUTLER116
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change your speed cable and it will do the trick i had the same trouble with my hold button and that the first sign that the cable is going bad
Jul 19, 2012 at 12:54 AM
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STRAILER
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Great addition to this thread! Please feel free to help out whenever you are on the site :)

Cheers, Ken
Jun 8, 2017 at 12:14 PM
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KLMCCRAY
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Computer problem
1992 Mazda 323 4 cyl Front Wheel Drive Automatic 133000 miles
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The hold light stays on and my car will excellerate but it dont seem to switch gears. The button for the hold doesnt work anymore is there a way to bypass to get the hold mode off.
Jun 8, 2017 at 12:15 PM (Merged)
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COLT45PHIL
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DO NOT TRY TO ALTER THIS SYSTEM. REPAIR THE SWITCH SYSTEM TCM/PCM IS TRANS SAFTY
Jun 8, 2017 at 12:15 PM (Merged)