AutoNation CEO Mike Jackson's success story is being used as an example to inspire young people.
The Horatio Alger Association of Distinguished Americans is inducting Jackson and 11 other individuals as lifetime members in April.
The association, founded in 1947 and named for the famous author who wrote about overcoming adversity through perseverance and moral principles, says it chooses people who show initiative, resilience and excellence for induction each year. A goal of the group is to educate young people that the American Dream is attainable.
"Mr. Jackson is a living example of how passion and perseverance can lead to great success," said David Sokol, chairman of Horatio Alger Association, in a statement. "When he discovered his love for automobiles, Mr. Jackson turned it into a storied career defined by a willingness to go above and beyond. Now the CEO of the nation's largest automotive retailer, Mr. Jackson is an inspiration and his story should encourage all of our scholars to successfully pursue their passions."
AutoNation, of Fort Lauderdale, Fla., ranks No. 1 on Automotive News' list of the top 125 dealership groups in the United States with retail sales of 292,922 new vehicles in 2013. c