The problem could be:
1) a faulty display in which case the solution involves checking the wiring - no problem.
2) No signal to the gauge - simple: trace the wire to the crankshaft, fix any loose connections, mechanic can do it easily.
3) Heat (maybe generated by the flywheel? Not sure) damages what your guy calls 'the sensor' (which is a misnomer if it is an older model analogue kit using the voltage pulses) over time. This is harder to repair, but not hard per se for a mechanic. It should require some parts. INstall another meter temporarily to see if the crankshaft speed rate readers are messed up. If they are, then parts are called for, if they are available or not, I have no idea, possibly you may be better off installing a new RPM meter - maybe a infra red laser one, but it may be quite dear.
Can't comment on the cars, sorry, but the metre is repairable and replacable, no worries.