One problem related to transmission sensor has been reported for the 2008 Toyota Camry. The most recently reported issues are listed below. Please also check out the statistics and reliability analysis of the 2008 Toyota Camry based on all problems reported for the 2008 Camry.
Engine light came on. Computer indicated the transmission crank sensor was operating intermittently and could cause the transmission to cease operating. Replaced the sensor, which was hard to get as Toyota cannot keep it in stock, due to failures of the sensor.