That looks like a charming vintage toy! I remember something similar from my childhood, a charming old-school rocking horse that had a slight twist - it was also a push toy with a tail that children could pull to tote it around. It was a beloved toy and quite the centerpiece in any room it resided in.
There are some lovely new wooden toys that are styled like the good ol' ones, often made with sustainable practices and non-toxic paint too, which is fantastic! Little ones can never have enough toys that stimulate their senses and fire up their imaginations. I'm keen to hear about some book recommendations too - the classics or new engaging reads for kids.