No, it doesn't use the ABS sensors. It uses a sending unit in the tailpiece of the transmission. The speedo is electronic, there are no "gears" other than for the odometer portion of it. How are the rest of the gauges and indicators in the cluster?

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Current stable:
1995 E320 149K (Nancy)
1983 500SL 120K (SLoL)

Black Sheep:
1985 524TD 167K (TotalDumpster™)

Gone but not forgotten:
1986 300SDL (RIP)
1991 350SD
1991 560SEL
1990 560SEL
1986 500SEL Euro (Rusted to nothing at 47K!)