It doesn't take a genius to see that there's been a huge trend in people opting for SUVs instead of other car types in recent years, however when I did a bit of digging into the stats I was blown away. Analysis from Transport & Environment UK show that i n 2023, 60% of all new car registrations were for SUVs. Sixty percent! It was 50% in 2021, 57% in 2022 and if the trend continues it could top 75% by 2027! (Source: https://www.transportenvironment.org/te-united-kingdom/articles/uk-suv-sales-have-increased-by-more-than-a-fifth-in-one-year ) But why the obsession? I just don't get it. These millions of people can't all be towing caravans or going off-roading every weekend, surely? I did a small poll on Twitter to understand what the main reasons were: As an intentional kind of Dad I'm constantly assessing how much bang for my buck I get, on things like boot space (priority!), miles per gallon efficiency and cabin space are all very much front and centre facto
Finance update Breakdown for October: Off the back of being up £28k in September, in October I added to this by being up £31k! Looking back, I think these two months collectively have been the strongest 2 months on record! ISA up £5.5k Pension up £5.9k GIA /easy access savings up £4.9k Crypto had a great month, up £10.7k I withdrew £12k from my GIA account and used it to throw at my pension, hence the -£12k and +£15k on the chart. I will get the additional higher rate relief (£3k) when I do my tax return next year. My rationale behind this was just in case higher rate tax relief was tinkered with in the budget. In the end it wasn't touched but I was always going to do this during the tax year anyway, I just brought it forward just in case. 2024/25 tax year: Overall in the tax year I'm now looking at almost +£90k, with all areas being in the green and Crypto has now broken even from it's high in early April! At the time of writing with Trump having just been announced