Yes, this is how consumer labeling works today. Net weights, cash register scales, gasoline pumps, etc. Errors are only allowed if they're in the customers' favor.
That said, sunscreen is hard to apply precisely. One interesting emerging option is personal "makeup mirrors" that use a UV camera.
Cars show higher speeds especially when the model has an option for larger tire diameters, but is equipped with smaller ones. There typically isn't a setting for tire diameter, so they compute speed using the larger diameter in all cases.
5-10%, definitely not. Wrong tire size will do that though.
Have had a GPS speedo on the dash for a good dozen cars through the years and never seen more than a few mph off on a flat surface. That's something I actually noticed and looked for, for some reason. A few mph over speed is fairly common, but we're talking 1-2% at most. (confirmed with Tesla Model 3, Corolla, Fusion, Prius, Elantra, Mirage, etc etc).
I don't care for "close enough" brinksmanship.
The same is true for speed limits but y'all aren't ready for that
[1] Might be rumor but I heard that car speedometers often read high because there's a big penalty if they read low by even 1 MPH