1954 FIA Formula One World Championship
- Drivers' champion
- Juan Manuel Fangio
- Team
- Mercedes
- Points
- 42
- Runner-up
- Jose Froilan Gonzalez — 25.14
- Margin
- 16.86
- Constructors' champion
- —
- Rounds
- 9
- Engine formula
- 2.5 L naturally aspirated
- Tyres
- Pirelli, Englebert, Dunlop, Firestone
Fangio started the year at Maserati and switched to the new Mercedes W196 from the French GP. Mercedes returned to Grand Prix racing after an 15-year absence.
Races
| Rd | Grand Prix | Circuit | Dates | Winner | Constructor | Pole | Fastest lap |
|---|---|---|---|---|---|---|---|
| 1 | Argentine Grand Prix | Autodromo Oscar Galvez | — | Juan Manuel Fangio | Maserati | Giuseppe 'Nino' Farina | Jose Froilan Gonzalez |
| 2 | Indianapolis 500 | Indianapolis Motor Speedway | — | Bill Vukovich | — | Jack McGrath | Jack McGrath |
| 3 | Belgian Grand Prix | Circuit de Spa-Francorchamps | — | Juan Manuel Fangio | Maserati | Juan Manuel Fangio | Juan Manuel Fangio |
| 4 | French Grand Prix | Reims-Gueux | — | Juan Manuel Fangio | Mercedes | Juan Manuel Fangio | Hans Herrmann |
| 5 | British Grand Prix | Silverstone Circuit | — | Jose Froilan Gonzalez | Ferrari | Juan Manuel Fangio | Jose Froilan Gonzalez |
| 6 | German Grand Prix | Nurburgring Nordschleife | — | Juan Manuel Fangio | Mercedes | Juan Manuel Fangio | Karl Kling |
| 7 | Swiss Grand Prix | Bremgarten | — | Juan Manuel Fangio | Mercedes | Jose Froilan Gonzalez | Juan Manuel Fangio |
| 8 | Italian Grand Prix | Autodromo Nazionale Monza | — | Juan Manuel Fangio | Mercedes | Juan Manuel Fangio | Jose Froilan Gonzalez |
| 9 | Spanish Grand Prix | Pedralbes | — | Mike Hawthorn | Ferrari | Alberto Ascari | Alberto Ascari |
Championship standings after round 9
| Pos | Driver | Team | Points |
|---|---|---|---|
| 1 | Juan Manuel Fangio | — | 42 |
| 2 | Jose Froilan Gonzalez | — | 25.14 |
| 3 | Mike Hawthorn | — | 24.64 |
| 4 | Maurice Trintignant | — | 17 |
| 5 | Karl Kling | — | 12 |
| 6 | Bill Vukovich | — | 8 |
| 7 | Hans Herrmann | — | 8 |
| 8 | Jimmy Bryan | — | 6 |
| 8 | Giuseppe 'Nino' Farina | — | 6 |
| 8 | Luigi Musso | — | 6 |
| 11 | Roberto Mieres | — | 6 |
| 12 | Jack McGrath | — | 5 |