Note: Ford cars with Sync 3 v3.0 & pre-my18.5 (some) vehicles will show Waze Carplay speedometer readings higher than actual & higher than the car Speedometer - when the iPhone is connected to Carplay.
Waze (and other apps with the speed feature) can only get speed readings from Apple's Carplay API and that data primarily comes from the Ford sync 3 system to apples Carplay api.
Current v3.0 sync 3 versions sends inaccurate (higher) speed readings to Carplay - and that's why Waze shows a higher incorrect speed on these Ford cars (eg. 65mph shows as around 76 mph).
The issue lies with Ford and not with Waze. The fix needs to come from a Ford sync v3.0 update issued by Ford.
They are working on an "official" v3.0 update to be released in the future to resolve this. (version number higher than 19000).
So need to wait for that to be released.
Ford cars with Sync v3.3 or higher (my18.5 and newer) latest updates should have this fix implemented.
v3.2+ updates cannot be installed on cars with v3.0 (yet) due to hardware differences.
If you have a Ford car, this is the cause or your issue.