Yeah, the paint is failing, either from solvents or poor prep or application of the paint. It 'could' be a manufacturing defect.
If it had been painted more than once, the second coat can sometimes soften the underlying paint and cause the wrinkling you see.... at that point it will eventually flake off.
And as already said, it may have been due to something applied after delivery. Alcohol wipes during 'C****' were notorious for damaging finishes.
There are aftermarket steering wheel trims avail. Do you like the carbon fiber look?
If it had been painted more than once, the second coat can sometimes soften the underlying paint and cause the wrinkling you see.... at that point it will eventually flake off.
And as already said, it may have been due to something applied after delivery. Alcohol wipes during 'C****' were notorious for damaging finishes.
There are aftermarket steering wheel trims avail. Do you like the carbon fiber look?
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