In fact, most cars lie to you about the speed - reporting a speed slightly faster than reality. It's a cover-your-ass measure for the car manufacturers because it's illegal to sell a car (in the US, at least) where the speedometer is inaccurate in the other direction, that is, reading slower than actual speed.
1. Some older vehicles, including pre-1996 GM trucks (and probably others from the same era) had the speedometer calibration controlled by a resistor array on a circuit board under the dash, those can be changed with a lot of effort and a soldering iron, or by swapping out the whole circuit board with a different one that matches your tire size + rear end gear ratio.
Haven't seen that in a long time. Everything I've driven in recent years has a speedometer speed that matches roadside speed sign speed within 1 MPH.
If the reasonable speed for a road is 70, the legal hard limit could be at 75 to be considerate of this effect. But make 75 the actual hard limit with $200 fines for hitting 75, $1000 fines for hitting 80, and jail time for hitting 85. Make it almost certain to be caught if you hit these hard limits.
I guarantee you fewer people would die on the roads if this is the way things worked.
[0] https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:42...
[1] https://www.reddit.com/r/dataisbeautiful/comments/16mquqv/sp...