Yes, it does! Though not as much as speedometer fudging by your car manufacturer. Your car can only measure rotations of the axle, with expectations of tyre circumference based on its standard tyres.
DETROIT — The speedometer on the Toyota Yaris says the tiny car can go 140 mph. In reality, the bulbous subcompact's 106-horsepower engine and automatic transmission can't push it any faster than 109.