Googling suggested that I have terminal cancer.
But a couple of Tums cured my symptoms, so...
Look, you really need to do some more troubleshooting, which must include testing, on this. A code doesn’t mean that a particular component has failed, only that the car has registered a fault. Another component may be causing this problem.
In your case, the ABS module is a weak spot, so are the reluctor rings themselves. A bad reluctor ring will show up as a wheel sensor fault since the wheel sensor isn’t reading speed properly.
So, cheapest thing to do is examine each ring closely, clean them up and look for cracks. Go from there.
A Volvo-specific code reader is nice, but only gets you about 10% of the way through the troubleshooting process. The additional steps in VIDA will walk you through the rest.
But examine the rings first. Maybe you’ll get lucky. Throwing parts at it is going to get expensive.
Current Fleet:
2016 Tundra Crewmax 4WD 1794
2005 MB S600 (126K, Michelin AS4, HPL 0W40)
2005 MB SL600 (55K Michelin AS4, Mobil 1 0W40)
2004 V70R (143K, six speed M66, HPL 5W40)
2004 XC90 (235K, HPL 0W30 Euro)
2002 V70-XC (295K, HPL 0W30 Euro)
2002 V70-T5 (225K, IPD bars, Bilsteins)
2001 V70-T5 (125K, IPD downpipe, cat back and other mods)
1932 Packard Sedan (straight 8, dual sidemounts, original paint and interior, Shell Rotella 15W40)
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