| Fin | St | Driver | # | Owner | Car | Laps | Money | Status | Laps Led |
|---|---|---|---|---|---|---|---|---|---|
| 1 | 1 | Juan Manuel Fangio | 16 | Automovil Club Argentina | Ferrari 166C 013/Ferrari | 65 | running | 65 | |
| 2 | 2 | Francisco Sacco Landi | 2 | Francisco Landi | Ferrari 375 2/Ferrari | 65 | running | 0 | |
| 3 | Robert Manzon | 18 | Amédée Gordini | Simca-Gordini T15 0012/Simca | 64 | running | 0 | ||
| 4 | 3 | Carlos Menditeguy | 6 | Alfa Romeo 308 50017/Alfa Romeo | 63 | running | 0 | ||
| 5 | André Simon | 20 | Amédée Gordini | Simca-Gordini T15 0011/Simca | 63 | running | 0 | ||
| 6 | Maurice Trintignant | 28 | Louis Rosier | Talbot-Lago T26C 100001/Talbot | 62 | running | 0 | ||
| 7 | Francisco Marques | 4 | Francisco Landi | Ferrari 125 04C/Ferrari | 62 | running | 0 | ||
| 8 | Jorge Daponte | 14 | Maserati 4CLT/48 1600/Maserati | 60 | running | 0 | |||
| 9 | Nello Pagani | 12 | Officine Alfieri Maserati | Maserati A6GCM 2032/Maserati | 58 | running | 0 | ||
| 10 | Louis Rosier | 22 | Louis Rosier | Ferrari 375 5/Ferrari | 57 | running | 0 | ||
| 11 | Asdrúbal Fontes Bayardo | 30 | Maserati 4CLT/Maserati | 56 | running | 0 | |||
| José Froilán González | 10 | Automovil Club Argentina | Maserati 4CLT/Maserati | 19 | did not finish | 0 | |||
| Birabongse Bhanudej Bhanubandh | 8 | Écurie Siam | Maserati 4CLT/48 1598/Osca | 6 | did not finish | 0 | |||
| Yves Giraud-Cabantous | 24 | Louis Rosier | Talbot-Lago T26C 110053/Talbot | engine | 0 | ||||
| Eitel Cantoni | 26 | Maserati 4CLT/Maserati | did not finish | 0 | |||||
| Alberto Crespo | 34 | Alfa Romeo 308 | did not finish | 0 | |||||
| Danton Bazet | 32 | Maserati 4CL/Maserati | did not finish | 0 |