Create a 9 page essay paper that discusses Ford Galaxy.
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Ford Galaxy is a seven-seater luxury large Multi-Purpose Vehicle (MPV) developed jointly by Ford and Volkswagen and was first introduced in 1995. During the Frankfurt Motor Show held last September 2005, the latest Ford Galaxy model was unveiled. It will be available in the market in the middle of 2006.
In the Motor Industry Facts 2006 published by SMMT (Society of Motor Manufacturers and Traders Ltd.), total car registration in UK reached 2.4 million as of 2005. In table 1 below, Lower Medium segment remains to be the most dominant car type in the industry owning 31.2% of the market. Ford Focus, Vauxhall Astra, and Renault Megane are among the products included in this category. However, total car registration was down by 5% compared to 2004. Major factors attributed to such decline were lower consumer spending, increasing interest rates, and intense competition in the industry.