I have a 2014 laredo 303TG and have the same issue. I still wax it, doesn't bring back the shine, but it does look presentable at least.
From my searching, I have seen that people have been able to pressure keystone into re-painting the cap.
I've decided to just live with it for now. Perhaps some year I may look into a repaint, but from what I have seen, even if you do get keystone to re-paint, it will fade again. I think a covered storage area would be the only way to stop this issue.
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2012 F250 6.2L
2014 Laredo 303TG
Reese Dual Cam WD Hitch
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