UPDATE 2-AutoNation profit falls as key markets weaken

Newswire

(Recasts first paragraph; adds executive quotes, background, byline) By Jui Chakravorty DETROIT, April 26 (Reuters) - AutoNation Inc. , the largest U.S. car dealership chain, on Thursday reported lower quarterly profit, hurt by a tough housing market that led to weaker demand for new vehicles in the key markets of California and Florida. Chief Executive Mike Jackson also said the weak housing industry would probably keep hurting new vehicle sales in the United States through 2007. ...

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