Quoth SongsOfDragons
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Your car's speedometer is subject to a lot of variables. As the tires wear, it takes more turns per mile, but the speedometer doesn't correct for that. Also, if your tires are underinflated, it will take more turns per mile. Some time back (this was partially responsible for phasing out purely mechanical speedometers), many countries passed laws requiring that a speedometer NEVER show a speed less than the actual speed (presumably to eliminate an excuse by people caught speeding). A result of this is that car makers designed their speedometers to be slightly "optimistic" even in a worst-case scenario (brand-new tires, if there are multiple sizes approved for the car, use the one with the largest tread diameter, and somewhat overinflated), meaning they'll be even more "optimistic" under normal circumstances.
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