The invention relates to a low-odor and low-friction-coefficient injection-molding skin material and a preparation method thereof. The skin material contains the following components in parts by weight: 25 parts of high fluidity polypropylene, 20 parts of grafted EPDM, 15 parts of POE, 35 parts of paraffin oil, 1.5 parts (relative to the use amount of rubber) of peroxide, 3 parts of a lubricant and 2 parts of a wear-resisting agent. The preparation method mainly comprises a process of oil-charge pre-dispersion, a process of mico-crosslinking reaction and a process of water crosslinking of silane grafted EPDM and granulation, and an exhausting twin-screw extruder is adopted in an extrusion granulation process. Methods of water crosslinking of grafted EPDM, mico-crosslinking of ethylene-octylene copolymer peroxide, heterogeneous-state removal of low molecular-weight polymers and the like are creatively and organically combined together, an elastic phase with excellent resilience, low odor and high surface rigidity is formed, and meanwhile, the skin material with excellent fluidity is prepared by virtue of degradation of peroxide to a polypropylene material; and the exhausting twin-screw extruder is introduced in the preparation process for ash removal, so that the odor of the material is substantially reduced. The injection-molding skin material for an automobile is resistant to wear, low in odor and good in machining formability, and the human, physical and financial resources of customers are saved.