| «1954-01» | Argentina Grand Prix - II Gran Premio de la Republica Argentina |
| 1954-01-17 | Buenos Aires - Autodromo Juan y Oscar Gálvez - 87 laps × 3.912 km : 340.344 km |
| Pos | Grid | Car | Driver | Constructor | Laps | Time / Gap | Interval | Points |
|---|---|---|---|---|---|---|---|---|
| 1 | 3 | 2 | Juan Manuel Fangio | Maserati | 87 | 3:00:55.800 | 112.865 km/h | 8 |
| 2 | 1 | 10 | Giuseppe Farina | Ferrari | 87 | +01:19.000 | +01:19.000 | 6 |
| 3 | 2 | 12 | Jose-Froilan Gonzalez | Ferrari | 87 | +02:01.000 | +42.000 | 5 |
| 4 | 5 | 26 | Maurice Trintignant | Ferrari | 86 | +1 lap | 3 | |
| 5 | 14 | 20 | Elie Bayol | Gordini | 85 | +2 laps | 2 | |
| 6 | 10 | 28 | Harry Schell | Maserati | 84 | +3 laps | ||
| 7 | 9 | 8 | Prince Bira | Maserati | 83 | +4 laps | ||
| 8 | 12 | 30 | Emmanuel de Graffenried | Maserati | 83 | +4 laps | ||
| 9 | 11 | 16 | Umberto Maglioli | Ferrari | 82 | +5 laps | ||
| 8 | 32 | Roberto Mieres | Maserati | 49 | engine | |||
| DSQ | 4 | 14 | Mike Hawthorn | Ferrari | 34 | push start | ||
| DSQ | 16 | 18 | Jean Behra | Gordini | 30 | push start | ||
| 15 | 22 | Roger Loyer | Gordini | 23 | gearbox | |||
| 17 | 34 | Jorge Daponte | Maserati | 8 | oil pressure | |||
| 6 | 4 | Onofre Marimon | Maserati | 5 | accident | |||
| 13 | 24 | Louis Rosier | Ferrari | 2 | accident | |||
| DNS | 7 | 6 | Luigi Musso | Maserati | engine | |||
| DNS | 36 | Carlos Menditeguy | Maserati | engine |
Fastest lap - 01:48.200 - 130.159 km/h - Jose-Froilan Gonzalez