If an install base doubles, you can't expect software sales to double. Racing games in particular are pretty niche and usually only sell well in EUR; FH3 is no exception. It constantly charts in the UK but is no where to be seen elsewhere. That's not to say sales dropped off a cliff everywhere else, but the UK is the only country where we have proof that it is consistently performing well.
So with that said, I kinda doubt it sold 4-5M... maybe 3-4M, which is still very good, especially for an XB1 exclusive racing game.
Car games sold well in Europe. GT5 sold 12 millions and mostly in Europe. The problem for FH3 is the Xbox One is not very popular in Europe. The 360 sold less than PS3 but it gains some marketshare compared to the og Xbox. They lost probably everything they gain during 360 era with the Xbox One. I think the best sales for a racing game at the end of the generation will be GT Sport because it is on PS4 and because Gran Turismo is a good brand in Europe... But the sales will be far from the peak of the series 6/7 millions would be very good... Car games are less popular...
http://www.polyphony.co.jp/products/
GT 5 sold 11,94 millions and 7,380,000 sales were coming from Europe
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