Carasso Group, founded in 1933, is the sole importer and distributor in Israel of Renault, Nissan, Dacia and Infiniti. It is the oldest trading company in Israel and has played a significant role in the development of the local car industry. The Carasso Group offers an umbrella of services and solutions: sales of new vehicles, car rental, leasing, maintenance, insurance and financing.

In 2009, the Afifi Group and Carasso Group established a joint venture in Nazareth under the name Afifi-Carasso, serving as the sole distributor of new Renault and Nissan vehicles, in addition to second-hand vehicles under the Carasso Trade-In brand for the Arab sector in Israel. Afifi-Carasso currently operates two showrooms and a trade-in lot, which sell about 900 vehicles a year.