Hi,
First, you want to create an unpublished category in Products>Categories.
Then, create a characteristic "wheel color" with one color per value in Products>Characteristics.
Then, create a product "Wheel color" in that unpublished category and add the characteristic in the "charactersitics" setting.
Then, you'll see a "variants" tab pop up at the top of the product edit form. Go there, click on "add variants" and select all the color values of the characteristic and validate.
Then, edit each variant and set its price.
Finally, edit the main product and in the "options" tab, you can select that "Wheel color" product.
You can read more about options here:
www.hikashop.com/support/documentation/i...ct-form.html#options