AutoNation CEO see '07 sales in low-16 mln range


DETROIT, July 26 (Reuters) - AutoNation Chief Executive Mike Jackson on Thursday said he expected annual U.S. industry vehicle sales in the low-16-million-unit range as a weak housing market continues to pressure auto sales in 2007. "The market will remain very competitive and challenging for the remainder of 2007," Jackson said on a conference call with analysts. (Reporting by Jui Chakravorty)

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