A vehicle or other system includes a flow device, component, and controller. The controller executes a method of diagnosing flow performance in the vehicle/system. The flow device is a pump, blower, or fan. A calibrated upper speed limit is commanded from the flow device in response to detected enabling conditions. The device is turned off after maintaining the upper speed limit for a calibrated duration. The speed of the flow device is determined during a coast-down interval defined by a period between command of the upper speed limit and attaining a calibrated lower speed limit. An absolute rate of change of the speed over the coast-down interval is calculated, with the controller executing a control action when a maximum absolute slope of the calculated rate of change falls outside of a calibrated range during the coast-down interval.