Young reign in luxury car market

Survey: The average owner is 33.5 years old, 76% are male

Though highly educated with big incomes, Chinese luxury car owners are surprisingly young, according to a survey released by a the Hurun Research Institute, which tracks wealth in China wealth research institution.

The average age of luxury car owners is just 33.5 years, the survey found. Seventy-six percent are male and about one in 10 spent at least three years overseas, Hurun said in its 2014 report on luxury car brands released on Wednesday in Beijing.