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Steve,
You may have an original type cable on your car. Normally, the cable gear that goes into the Toploader is made of plastic. Likely the gear stripped out. The cable has a pretty extreme bend in it to make the turn into the reverse gear on the back of the speedo so there is a lot of tension inside the cable due to that 90 degree, short radius bend behind the dash-it put a lot of tension on the speedo gear. My original cable failed at 1500 miles and the gear was the culprit.
Pull the cable at the trans and take a look. It may be as easy as replacing the gear.
JM
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