| Fin | St | Driver | # | Owner | Car | Laps | Money | Status | Laps Led |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 5 | Luigi Villoresi | 44 | Scuderia Ferrari | Ferrari 166/Ferrari | 50 | running | 34 | |
| 2 | 6 | Benedicto Campos | 6 | Automovil Club Argentina | Ferrari 166C 011/Ferrari | 50 | running | 0 | |
| 3 | 3 | Giuseppe Farina | 2 | Giuseppe Farina | Maserati 4CLT 1609/Maserati | 49 | running | 0 | |
| 4 | 10 | Reg Parnell | 14 | Scuderia Ambrosiana | Maserati 4CLT 1596/Maserati | 48 | running | 0 | |
| 5 | 17 | Clemar Bucci | 20 | Alfa Romeo 12C-37 51204/Alfa | 47 | running | 0 | ||
| 6 | 11 | Philippe Étancelin | 4 | Philippe Étancelin | Talbot-Lago T26C 110008/Talbot | 47 | running | 0 | |
| 7 | 13 | José Froilán González | 8 | Maserati 4CLT/Maserati | 47 | running | 0 | ||
| 8 | 14 | Eitel Cantoni | 26 | Maserati 4CL/Maserati | 47 | running | 0 | ||
| 9 | 7 | Emanuel de Graffenried | 30 | Enrico Platé | Maserati 4CLT 1601/Maserati | 47 | running | 0 | |
| 10 | 15 | Pascal Puopolo | 18 | San Isidoro | Maserati 4CLT 1605/Maserati | 44 | running | 0 | |
| 11 | 1 | Juan Manuel Fangio | 16 | Automovil Club Argentina | Ferrari 166C 013/Ferrari | 16 | engine | 16 | |
| 12 | 16 | Dorino Serafini | 10 | Scuderia Ferrari | Ferrari 125C/Ferrari | 16 | did not finish | 0 | |
| 13 | 12 | Clemente Biondetti | 28 | Luigi de Filippis | Maserati 4CLT 1603/Maserati | 13 | did not finish | 0 | |
| 14 | 2 | Alberto Ascari | 12 | Scuderia Ferrari | Ferrari 166/Ferrari | 12 | overheating | 0 | |
| 15 | 9 | Piero Carini | 36 | Piero Carini | Maserati 4CLT 1608/Maserati | 5 | did not finish | 0 | |
| 16 | 4 | Piero Taruffi | 22 | Maserati 4CLT 1610/Maserati | 2 | did not finish | 0 | ||
| 17 | 8 | Felice Bonetto | 32 | Scuderia Milano | Maserati 4CLT 1612/Speluzzi | 1 | did not finish | 0 |