The 38th International 500-Mile Sweepstakes was held at the Indianapolis Motor Speedway on Monday, May 31, 1954. The event was part of the 1954 AAA National Championship Trail, and was also race 2 of 9 in the 1954 World Championship of Drivers.

Time trials

Time trials was scheduled for four days.

Starting grid

= Indianapolis 500 rookie; = Former Indianapolis 500 winner

Alternates

Failed to qualify

Race summary

Bill Vukovich had to work much harder in this race due to his car was now 2 years old and the team had trouble getting it up to speed leading to a 19th place starting spot inside of row 7 for the race. Vukovich did not see the lead until lap 61 when he led 1 lap. He then after losing positions during pitstops worked his way forward, seeing the lead again on lap 92 leading for the next 38 laps until falling back due to another round of pitstops. Then Vukovich took the lead for good on 150 to win his second consecutive 500, setting a record (at the time) 130.840 mph average race speed. The record would stand until the 1957 Indianapolis 500. Vukovich died the following year attempting to win his third consecutive Indy 500.

Box score

Note: Relief drivers in parentheses **** Former**** Indianapolis**** 500 winner**** **** Indianapolis**** 500 Rookie**** All entrants utilized Firestone tires. – Includes 1 point for fastest lead lap

Race statistics

Additional stats

Broadcasting

Radio

The race was carried live flag-to-flag on the Indianapolis Motor Speedway Radio Network. It was the second time the race was carried in its entirety. The broadcast was anchored by Sid Collins, his third as chief announcer, and seventh year overall with the crew. Charlie Brockman served as booth analyst and statistician, and also reported from victory lane. For the first time ever, a female reporter was part of the radio crew. Paula Carr of WIRE served as a roving reporter, interviewing celebrities and other special guests. Of note, the network expanded its coverage to include four qualifying wrap-up shows during time trials weekends. The network expanded to include four qualifying wrap-up shows, and the number of affiliate stations increased to 210. All five major radio stations in Indianapolis carried the broadcast. The 1954 broadcast is notable in that it featured for the first time the famous phrase "Stay tuned for the Greatest Spectacle in Racing." Due to the increased number of affiliates at the time, the network needed a scripted "out-cue" to alert producers when to manually insert local commercials. A young WIBC marketing staff member named Alice Greene (née Bunger) is credited with inventing the phrase, and chief announcer Sid Collins coined it on-air. It has been used ever since, with all of the chief announcers proudly reciting it during their respective tenures.

World Drivers' Championship

Background

The Indianapolis 500 was included in the FIA World Championship of Drivers from 1950 through 1960. The race was sanctioned by AAA through 1955, and then by USAC beginning in 1956. At the time the new world championship was announced and first organized by the CSI, the United States did not yet have a Grand Prix. Indianapolis Motor Speedway vice president and general manager Theodore E. "Pop" Meyers lobbied that the Indianapolis 500 be selected as the race to represent the country and to pay points towards the world championship. Drivers competing at the Indianapolis 500 in 1950 through 1960 were credited with participation in and earned points towards the World Championship of Drivers. However, the machines competing at Indianapolis were not necessarily run to Formula One specifications and regulations. The drivers also earned separate points (on a different scale) towards the respective AAA or USAC national championships. No points, however, were awarded by the FIA towards the World Constructors Championship.

Summary

The 1954 Indianapolis 500 was round 2 of 9 on the 1954 World Championship. The event, however, failed to attract interest from any of the regular competitors on the Grand Prix circuit. Race winner Bill Vukovich earned 8 points towards the World Championship. Despite not competing in any of the other World Championship events, he finished sixth in the final season standings.

World Drivers' Championship standings after the race

AAA Championship car standings after the race