1. Low transmission fluid level: Check the transmission fluid level and top it up if necessary. Make sure to use the correct type of fluid specified in your owner's manual.
2. Dirty transmission fluid: Old or dirty transmission fluid can cause the transmission to shift hard and the overdrive light to flash. Have the transmission fluid flushed and replaced.
3. Faulty transmission solenoids: The solenoids in the transmission control the flow of fluid and regulate the shifting of gears. If a solenoid is faulty, it can cause the transmission to shift hard and the overdrive light to flash. Have the transmission solenoids tested and replaced if necessary.
4. Faulty transmission sensors: The transmission sensors monitor various conditions in the transmission and send signals to the transmission control module (TCM). If a sensor is faulty, it can send incorrect signals to the TCM, which can cause the transmission to shift hard and the overdrive light to flash. Have the transmission sensors tested and replaced if necessary.
5. Faulty transmission control module (TCM): The TCM is the computer that controls the transmission. If the TCM is faulty, it can send incorrect signals to the transmission solenoids and sensors, which can cause the transmission to shift hard and the overdrive light to flash. Have the TCM tested and replaced if necessary.
It is important to have the problem diagnosed and fixed as soon as possible to prevent further damage to the transmission. If you are not experienced in diagnosing and repairing transmissions, it is best to take your vehicle to a qualified mechanic for service.