Disappointingly the 'wheels' mentioned in the title refer to motorcycles, not rollerblades.

A gang of bikers turn into werewolves after encountering some kind of devil-worshipping sect.  And...  That's about it, really.  It does what it says on the tin, I suppose.

According to the voice-over chap this is "The most unusual and exciting horror motorcycle film yet made".  But near the end, he says it's the first horror motorcycle film ever made.  It's not difficult to make the most unusual and exciting movie in a genre when it's the only example!  They could equally say it's the longest, the shortest, the crappiest...

Favourite bit:  The werewolf riding the motorbike near the end.