To provide a method of economically and accurately form a vehicular protection cover having a good cushion effect, and a vehicular protection cover.

The external surface of a vehicular component 20 to be capped with a protection cover is covered with a flexible sheet material 11, and semi- rigid resin 16 is stacked on the surface of the sheet material 11. Also, an elastic material 13 is laid on the surface of the semi-rigid resin 16. In addition, another semi-rigid resin is stacked to cover the elastic material 13, thereby forming a semi-rigid plastic cover body 12 having the elastic material 13 buried as integral part thereof. Also, a protection cover having the sheet material 11 and the cover body 12 integrated with the elastic material 13 is detached from the vehicular component 20, thereby providing a vehicular component protection cover detachably capped to the external surface of the vehicular component 20.