Automatick transmission will not move ,no matter what gear in, hold button an dish blinking....
SOURCE: how to put gear stick into neutral on mazda 323 without coded key
hot wire the car this will bring the ignition lights on then you can put it into neutral
SOURCE: my hold light is flashing in my 2001 mazda millenia
hold light flashing means you have a transmission fault of some kind, check vehicle speed sensor
SOURCE: Mazda 626 'HOLD' light after gear box oil seal was replaced
I have the same problem with my car I think its the torque converter clutch but you should visit a diagonestic machine just to find out
SOURCE: Owner's manual for Mazda 1995 car 323 - auto
autozone.com sign up its free then click on repair manuals you will find all of your info there....good luck
SOURCE: Mazda Demio:The HOLD button blinking and gear stack to no.3
had a similar prblem, changed plug wires and service trany oil and filter got increase power and light went back off
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