Yes.. I have a bicycle with a speedometer that displays maximum speed over 75 MPH (if I really did that it would be for sure scary fast on a bike!).. in its case, it has a wireless signal, and interference caused it to read high.. so that is the cause there.
Similar here. Your GPS uses various satellites to compute a 3 dimensional position in space, based upon range from satellites, literally thousands of miles away (if directly overhead they'd be 26,500 miles actually). GPS signals are pretty weak on a good day, and as the military is finding out, pretty easy to jam.
So, your GPS uses best position and speed is calculated by time and distance covered between known positions.. all you need is a period of interference, and/or low accuracy fix (only 2 satellites gets you what is called 2D), followed by a more accurate fix, much further from the last, and it computes a speed from distance between the last 2 fixes and known time difference... and from there you get 183 MPH!
Heavy clouds, large trees, large buildings in cities, and of course RF interference all affect GPS signals and can lower fix quality/accuracy.
I have a Garmin too, it doesn't show the number of satellites of quality of fix so, hard to figure this out, but I have a DeLorme unit that does show this and even maps which satellites it is tracking and their positions, it shows current position and a circle indicating expected accuracy, that circle can be large or very small depending on how many satellites it tracks and where they are positioned. .
OK, I know this because I've navigated ships at sea, using GPS and other methods to determine ship position, thus it was all part of my training and qualification.