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| Date | Sunday 24 October 1954 |
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| Start time | 14:00 |
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| Event |  Spanish GP |
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| Circuit | Pedralbes |
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| Event Format | Race of 80 laps |
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| Championship | World Championship |
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| Race number | #9 of 9 in 1954
#41 (of all time) |
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| Laps | 80 |
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| Circuit Perimeter | 6316 m |
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| Race Distance | 6316 × 80 = 505.280 km |
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| Grid Format | 4-3-4-3 |
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| Pole Position | Right |
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| First Corner | Right |
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| Track Direction | Clockwise |
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| Weather | Sunny, Mild, Dry |
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| Entries | 23 |
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| Qualifiers | 22 |
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| Finishers | 9 |
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| Debutants |
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| Milestones | Car 38 – 1st Win (Car Number)
Lancia – 1st Fastest Lap (Engine Manufacturer)
Lancia – 1st Pole Position (Engine Manufacturer)
Scuderia Lancia – 1st Fastest Lap (Entrant)
Scuderia Lancia – 1st Pole Position (Entrant)
 Lancia – 1st Fastest Lap (Car Manufacturer)
Lancia – 1st Pole Position (Car Manufacturer)
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| Records Broken |
1. Most Drivers' Championship Points Scores – Alberto Ascari,  Juan Manuel Fangio (23),
2. Most 7th Place Finishes –  Louis Rosier (4),
3. Most Drivers' Championship Points Scores in a Season – Juan Manuel Fangio (8),
4. Most Race Entries – Louis Rosier (31),
5. Most 5th Place Qualifications – Luigi Villoresi (7),
6. Most 13th Place Qualifications – Maserati (8),
7. Most 15th Place Qualifications –  Prince Bira (4),
8. Most 20th Place Qualifications – Maserati (5),
9. Most 18th Place Qualifications in a Season – Gordini (4),
10. Most 20th Place Qualifications in a Season – Louis Rosier (2),
11. Most 21st Place Qualifications in a Season – Maserati (4)
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| Records Extended |
1. Most Drivers' Championship Points Scores – Ferrari (88),
2. Most Retirements – Maserati (96),
3. Most Podium Finishes – Ferrari (64),
4. Most Retirements – Maurice Trintignant (16),
5. Most Podium Finishes – Juan Manuel Fangio (19),
6. Most Race Wins – Ferrari (19),
7. Most 7th Place Finishes – Maserati (9),
8. Most 9th Place Finishes – Maserati (7),
9. Most Retirements in a Season – Maserati (32),
10. Most 6th Place Finishes in a Season – Maserati (5),
11. Most Races Led – Ferrari (37),
12. Most Laps Led – Ferrari (1286),
13. Most Laps Led – Alberto Ascari (913),
14. Most Race Entries – Ferrari (186),
15. Most 3rd Place Qualifications – Ferrari (19),
16. Most 8th Place Qualifications – Maurice Trintignant (5),
17. Most 10th Place Qualifications – Maserati (9),
18. Most 11th Place Qualifications – Maserati (9),
19. Most 15th Place Qualifications – Maserati (9),
20. Most 19th Place Qualifications – Ferrari (8),
21. Most 20th Place Qualifications – Louis Rosier (4),
22. Most 21st Place Qualifications – Maserati (6),
23. Most 10th Place Qualifications in a Season – Maserati (5)
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