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The P0500 code indicates a problems with the ABS system. If you have recently replaced wheel sensors, it sounds like one or more may be disconnected or flaky.
From datsc.com:
What does this mean?
OBD Code P0500refers to
Basically this means that the vehicle's speed as read by the Vehicle Speed Sensor (VSS) is not working properly.
Symptoms
Possible sumptoms of OBD code P0500
loss of anti-lock brakes the "anti-lock" or "brake" warning lamps on the dash may be lit the speedometer or odometer may not work properly (or at all) your vehicle's RPM limiter may be decreased the shifting of an automatic transmission may become erratic other symptoms may also be present
Causes
Possible causes of OBD code P0500
A code P0500 may mean that one or more of the following has happened: The Vehicle Speed Sensor (VSS) is not reading (functioning) properly There is a broken/frayed wire leading to the vehicle speed sensor The vehicle's PCM is not correctly configured for the actual tire size on the vehicle
Possible Solutions
The simplest thing to do is to reset the code and see if it comes back. Next, check all wiring and connectors that lead to the speed sensor. The location of the sensor depends on your vehicle. The sensor could be on the rear axle, transmission, or perhaps the wheel hub (brake) assembly. If the wiring and connectors are OK, then check the voltage at the speed sensor. Again, the exact procedure will depend on your make and model of vehicle. If everything looks OK, replace the sensor.
See RealOEM.com http://www.realoem.com Enter your VIN
Pick List:Front Axle, Front Axle Suspension P7
It goes into the back of the brake carrier P2. Link below
/bmw/showparts.do?model=DD63&mospid=47585&btnr=31_0255&hg=31&fg=10
some transmission system has a feature that work with abs system.
when one of your wheel spind faster than the rest, the wheel speed sensor send signal to the onboard computer. the computer then reduce the vehicle speed for safety.
hi the speed sensor is located on either the drivers wheel hub with the abs sensor, or the passenger wheel hub, but they normally are on the drivers side....hope this helps..ps you can get them off ebay lol..
There be one on each of your rear drive wheels. If the speedometer and odometer do not work, the driver's side rear
sensor is probably bad. If the speedometer works but the cruise control
does not, then the passenger side rear sensor is probably bad.
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