I would stick with my prediction about this game's life cycle slowly coming to an end and assume there won't be a February update. There's also the fact we didn't really have monthly updates since June (except August-September, but even that was beginning of August and end of September, almost but not quite a two months big gap). That would be a solid assumption based on my observation.
However, we have those datamine guys, who kinda make it seem like the update is happening. First of all, there are 3 cars allegedly found in datamine: Sony Afeela (we all know it's coming sooner or later), Gr.1 Genesis VGT and Skoda VGT. And the guy who posted it seems to believe this is the February update, but while I have a reason to believe those cars exist, "February" feels like a guess, and his rival dataminers also seem to disagree with those 3 being in the February update and they apparently say it's something different entirely. Based on all that, I would say we may see one of those 3 cars in the update (my bet is on Afeela) and 2 regular cars (not tied to PD with any sort of partnership). That would kinda destroy my whole "game's support is coming to an end" idea, but I guess maybe it's a bit too early for that.