I've ran into this problem before and "believe it or not" it was caused by the end on the speedometer cable. The end that goes into the speedometer. The end "somehow" got worn down and depending on the speed it acted different and the needle bounced. I put in a NEW cable and had the same problem. Then I thought the speedo head was worn.....wrong. I took it over to my "guage pal" and when we checked it with a set of dial indicators found that even the new cable end was smaller than the stock which he carried. I had him cut me a new one that is the right size on the end and now the speedo works very nice.
Its still a good idea to clean and lube though.


1937 Chevy Pickup
In the Gallery
1952 Chevy Panel
In the Gallery
More photos
1950 Chevy Coupe
Pictures!

I'd rather walk and carry a Chevy hub cap than ride in a Ferd.
I can explain it to you, but I can't understand it for you smile