Low transmission fluid: If the transmission fluid is low, it can cause the transmission to slip and clunk when you shift gears. Check the transmission fluid level and add more if necessary.
Worn transmission mounts: The transmission mounts hold the transmission in place and help to absorb vibrations. If the transmission mounts are worn, they can allow the transmission to move around and clunk when you shift gears. Inspect the transmission mounts and replace them if necessary.
Bad u-joints: The u-joints connect the transmission to the driveshaft and allow the driveshaft to rotate. If the u-joints are bad, they can cause the driveshaft to bind and clunk when you shift gears. Inspect the u-joints and replace them if necessary.
Bad transmission: In some cases, a transmission clunk can be caused by a bad transmission. If the transmission is bad, it may need to be rebuilt or replaced.
Other Factors
Dirty or contaminated transmission fluid: If the transmission fluid is old or has not been changed regularly, it can become contaminated with dirt, metal shavings, and other debris. This contamination can cause the transmission to slip and hesitate when shifting gears.
Faulty pressure control solenoid: The pressure control solenoid regulates the flow of transmission fluid to the transmission's clutches. If the pressure control solenoid is faulty, it can cause the transmission to shift harshly and make a clunking sound.
Incorrect transmission fluid type: If the wrong type of transmission fluid is used in your vehicle, it can cause transmission problems. Automatic transmission fluids vary by viscosity, friction modifiers, and additives and using the wrong type can affect the performance of your transmission.