Stripped govenor gear possibly. Knock off the round cover on the left rear of transmission and pull the governor out, If nylon gear on the end is broken or apple cored replace the gear. Be very careful if you decide to replace govenor the are small differences that make big changes to shift pattern. Also check to make sure the cable that connects to throttle lever from transmission is not broken.
Low on Transmition Oil. Check the Transmision oil level and top up.
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