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What is the diagnostic code P0731 for a 1998 Chrysler Concorde?

P0731 in a 1998 Chrysler Concorde indicates a Gear 1 Incorrect Ratio. This means the transmission's computer (PCM) has detected a problem with the first gear's operation. The actual gear ratio isn't what the computer expects.

This could be caused by several things, including:

* Low transmission fluid: Check and top off the transmission fluid if necessary. Low fluid is a common cause.

* Transmission fluid contamination: Dirty or burnt transmission fluid can cause issues with shifting. A fluid and filter change might be needed.

* Worn clutch pack: The clutch pack for first gear may be worn out or damaged. This requires a transmission repair or rebuild.

* Problems with the transmission's valve body: The valve body controls the fluid flow to the clutches and bands. Internal damage or a malfunctioning valve can cause incorrect gear ratios.

* Faulty transmission speed sensor: An inaccurate reading from this sensor can lead to incorrect gear selection.

* Internal transmission damage: More serious damage within the transmission itself could be the culprit.

This is a serious code and should not be ignored. It's recommended to have a mechanic diagnose the specific cause before driving the vehicle extensively, as continuing to drive with a transmission problem can cause further damage.