It doesn't take any seats, all 7 passengers still have seats, the tire does sit vertically behind the third row seat. (where some of their luggage would be, so both the tire and the luggage can't occupy the same space)
EDIT: not sure if you meant that the tire could just sit on one of those 3rd row seats, and only taking up one spot, and still leaving room for luggage. If so, that could work, but it would probably make more sense to move the luggage up to that presumed empty 3rd row seat than the tire.