West European car sales bounced back in February from January's very weak showing as the seasonally adjusted annualised selling rate (SAAR) topped 14.7 million units: year-on-year sales grew by 2.6% at the first reading. "This result confirms our view that the low figures in January were in fact a result of payback from strong year-end manufacturer incentives in December. The outlook for 2004 remains modestly positive with a small increase in sales still expected," said Pete Kelly of JD Power-LMC.
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