Nissan is increasing its global sales forecast to 4.75m units image

Nissan Motor Co. on Wednesday raised its global sales forecast to 4.75 million units for the financial year ending in March 2012. Last time, the Japanese automaker did forecasted 4.6 million units.

The announcement comes shortly after Nissan has reported its US auto sales for October. Nissan sold 92, 964 vehicles in October, up from 74,205 in the same month last year.
In the United States, sales of the Versa small car jumped 47.1 percent to 8,889, while demand for the Maxima sedan rose 9 percent to 4,190.

The Yokohama based automaker lifted its sales forecast for the United States to 1.35 million vehicles (from 1.33 million) and for China to 1.25 million vehicles – up from 1.15 million.

In the first half, Nissan sold 2,225,000 vehicles worldwide, up 10.7% compared with last year.

Nissan sold 1,169,000 vehicles in the second quarter, up 10.8% compared with the prior year.

However, the maker of the powerful GT-R is facing difficulties in Thailand, where a facility in Bangkok was not submerged but massive flooding in the Southeast Asian country has made it hard to get parts, forcing the plant to shut down in mid-October.

Nissan produces March subcompact cars in Thailand and exports them to Japan and other markets.