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Toyota started to scale back leasing in 2015. General Motors lower gross sales to rental car companies final yr to manage the used-car supply, GM chief financial officer Chuck Stevens mentioned. Now GM is reallocating incentive spending away from leases toward conventional financing, as new-automobile sales are expected to again off slightly from last yr’s record 17.5 million. Jake Winfield, a math trainer in Phoenix, considers himself a beneficiary of the automobile oversupply. Late final 12 months he purchased a 2015 Accord with underneath 15,000 miles that he believes began life as a lease. He paid just under $20,000 for the certified pre-owned automotive with aluminum wheels and a moon roof; the automotive’s …