The 1954 Spanish Grand Prix was a Formula One motor race held on 24 October 1954 at Pedralbes.

Luigi Musso finished second for the Maserati team and Mercedes driver Juan Manuel Fangio came in third.

The long-awaited Lancia D50s arrived-using their 90 degree V8 engine as a stiffening aid for the chassis; they were simple but brilliantly designed.

The race boiled down to a duel between Mike Hawthorn and Juan Manuel Fangio but the Argentine was losing oil and lost second place to Luigi Musso.

The Le Mans disaster in 1955 meant tighter safety regulations, and the spectator-lined street circuit in the Pedralbes neighborhood of Barcelona was abandoned and has not been used since.