| Fin | St | Driver | # | Owner | Car | Laps | Money | Status | Laps Led |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | Juan Manuel Fangio | 18 | Automóvil Club Argentino | Maserati 4CLT-48 1599/Maserati | 90 | running | 90 | |
| 2 | 1 | Birabongse Bhanudej Bhanubandh | 28 | B. Bira | Maserati 4CLT-48 1598/Maserati | 90 | running | 0 | |
| 3 | 4 | Emanuel de Graffenried | 30 | Enrico Platé | Maserati 4CLT-48 1601/Maserati | 90 | running | 0 | |
| 4 | 5 | Benedicto Campos | 34 | Automóvil Club Argentino | Maserati 4CLT-48 1600/Maserati | 89 | running | 0 | |
| 5 | 8 | Felice Bonetto | 42 | Scuderia Ferrari | Ferrari 166C 06C | 89 | running | 0 | |
| 6 | 15 | Giovanni Bracco | 12 | Giovanni Bracco | Ferrari 166SC 012M | 85 | running | 0 | |
| 7 | 18 | Piero Carini | 32 | Piero Carini | Maserati A6GCS 2010 | 84 | running | 0 | |
| 8 | 12 | Roberto Vallone | 48 | Roberto Vallone | Ferrari 166SC 008I | 83 | running | 0 | |
| 9 | 17 | Eugène Chaboud | 40 | Écurie Dimiex | Maserati 4CL 1588 | 69 | did not finish | 0 | |
| 10 | 22 | Frankie Sechehaye | 26 | Enrico Platé | Maserati 4CL 1587 | 63 | running | 0 | |
| 11 | 21 | Pierre Levegh | 8 | Pierre Bouillin | Talbot-Lago T26C 110005 | 56 | did not finish | 0 | |
| 12 | 10 | Peter Whitehead | 14 | Peter Whitehead | Ferrari 125 10C | 50 | did not finish | 0 | |
| 13 | 19 | Bruno Sterzi | 10 | Gruppo Inter | Ferrari 166SC 01F | 43 | did not finish | 0 | |
| 14 | 3 | Raymond Sommer | 24 | Scuderia Ferrari | Ferrari 125 12C | 37 | did not finish | 0 | |
| 15 | 14 | Fred Ashmore | 36 | Reg Parnell | Maserati 4CLT-48 1593/Maserati | 34 | gearbox | 0 | |
| 16 | 11 | Discoride Lanza | 16 | Écurie Dimiex | Maserati 4CL 1571 | 31 | did not finish | 0 | |
| 17 | 13 | Louis Rosier | 6 | Louis Rosier | Talbot-Lago T26C 110001 | 24 | accident | 0 | |
| 18 | 20 | Emilio Romano | 52 | Emilio Romano | Maserati A6GCS 2009 | 19 | engine | 0 | |
| 19 | 9 | Nello Pagani | 20 | Enrico Platé | Maserati 4CL 1585 | 15 | engine | 0 | |
| 20 | 6 | Rudolf Fischer | 4 | Rudolf Fischer | Simca-Gordini T11 05GC | 10 | engine | 0 | |
| 21 | 7 | Ferdinando Righetti | 44 | Ferdinando Righetti | Ferrari 166SC 010I | 10 | engine | 0 | |
| 22 | 16 | Louis Chiron | 22 | Automóvil Club Argentino | Simca-Gordini T15 007GC | 8 | accident | 0 |