With an ICE, I have no idea whether the wear and tear you avoid on the brakes is offset by the strain you put on the engine or if it saves or wastes gas. Don't know don't care. I just do it because I am Walter Mitty.
One could shift the automatic gear selector to 3 or 2 (or whatever you have) to engine brake in most autos. This is taught as a thing to do if your brakes fail.
But on my manual, I can take a freeway exit and do most of my braking from 120km/h to about 15km/h through the engine. And similar if the light ahead turns red.
This is actually what you’re supposed to do in a manual: be in gear at all times so you can accelerate if you have to.
My brakes will probably last 3-4x longer than an automatic’s.
Letting the drag slow the vehicle in an automatic is still a win -- your instantaneous MPG goes to >99 and you save wear and tear on multiple parts of the vehicle. It's a really big win, and with people so antsy about the price of fuel (aka the cost of driving) I'm shocked to observe how many people are still driving in very expensive manners (fast starts, hard braking)
I frequently coast up to red lights and stop signs, shedding 25-50% of my miles per hour, but brake wear is greater under heavier loads so doing 25% less breaking is a lot more than 25% savings on wear & tear.
I'm not sure what % is a "significant" threshold for you, but >25% is definitely significant to me.
And that was a nothing fancy Hyundai.
(And of course if you drive manual you can do this yourself).