Just a thought (it happens, don't look so shocked):
Is it the feel of a cover that you need on the steering wheel, Ken, or just the change of colour?
I reckon that, if it's the colour that you crave, then enamel paint may be the solution.
Years ago, when I ran my Beetle 1500 auto, I lusted after the white steering wheel that a friend had on her earlier Bug but those white wheels weren't available at sensible money even then and besides, I thought it only right that folk who owned cars which had them originally really ought to have had first dibs at white steering wheels when they became available.
Not wanting to be outdone, I bought a few cans of some kind of enamel-based aerosol paint in the correct shade of creamy white and used that to create my own white wheel for the Bug.
It took a few days to build up the depth of paint I was after and to let it all harden properly, but once it was hardened, I simply rubbed down the join between the various areas of paint with fine wet & dry, then finished off with a coat of eggshell lacquer.
The result was indistinguishable from an original, white phenolic wheel.
Maybe worth a look? You could always pop a different wheel on there to use while you build the paint up.
