In Reply to: Leather steering wheel posted by Tim on November 05, 1999 at 11:35:26:
I had this problem with my '95 540i, it started doing this in late '96 and I had the wheel replaced under warranty. At first I just thought it was real dirty as I'd just taken a long(4800 miles) trip without any chance to clean it. Then I realized the top layer of the leather was flaking off. As yours is out of warranty I don't think you'd want to buy a new wheel($5-600) but you might try some fine sandpaper to smooth things up.