The statement as written is not really wrong, but is incomplete with respect to units of measurement.
The statement would be clearer if rewritten in a way such as:
If the position of the car at time t seconds is given by s(t), where s(t) is measured in meters, then the velocity of the car at time t seconds is s'(t), where s'(t) is measured in meters/second.
Phil S.
09/22/16