This looks like a deceptively complicated problem. If you were to do this, you'd need to do it using the non linear solver found in SolidWorks Simulation Premium. As far as doing this with motion, you may be able to get an animation just to show the process but you would not get accurate results. Motion uses a "rigid body solver". Because the metal is deforming, this simulation will not work.
As far as a tutorial, I put one together a little while ago on non linear dynamic studies. You'll want to do something similar. In your case, you'll want a non linear static study instead. You'll also want a material model which will allow for permanent deformation.
Here's the link to the tutorial. It should, at least, give you an idea of how the user interface looks and it should give you the basics you'll need.
All the best,
this is going to be a very challenging simulation
nonlinear for sure
nonlinear dynamic potentially
could you get away with "crushing" the rod by bringing the 2 wheels together? that would be a good first step, especially if you are new to sim
you should take a look at the tutorials, there are a couple that are like that
but there are none like what you are looking for as it is at the edge of what we can likely do with the solver