The 46th International 500-Mile Sweepstakes was held at the Indianapolis Motor Speedway in Speedway, Indiana on Wednesday, May 30, 1962. A historic pole day as Parnelli Jones breaks the barrier in qualifying. Rodger Ward and Len Sutton finish 1st-2nd for Leader Cards Racing. The 1962 Indy 500 marked the final 500 wherein the entire 33-car field consisted of U.S.-born participants. It was also the first race held with the track surface paved entirely in asphalt, with just the ceremonial single yard of bricks exposed at the start/finish line.
*Len Sutton was the first driver to make an assault on the track record. His fourth lap of 149.900 mph was a new one-lap track record.
*Parnelli Jones becomes the first driver to break the 150 mph barrier. His first lap was run at 150.729 mph, a new all-time one-lap track record. All four of his laps were over 150 mph, and his four-lap average came in at 150.370 mph. Jones was rewarded by having 150 silver dollars poured into his helmet by Phil Hedback of Bryant Heating & Cooling.
Sunday May 13 – Second day time trials
*The 13th proved to be an unlucky day for Norm Hall, whose previous crash in car #25 left him unscathed, but today, he looped out the #41 Forbes Special on the Southwest Turn, hit the wall backwards and was severely injured, including a fractured left leg and possible skull fracture. Jim Rathmann and Troy Ruttman both were flagged off by their crews after they failed to get sufficent speed to qualify. Eddie Sachs could not reach an acceptable speed and a new engine has been ordered for his Dean-Autolite Special machine. Dan Gurney left for Holland to compete in the Holland Grand Prix. Qualifiers this day were Eddie Johnson #32 at 146.592 and Bob Veith #96 at 146.157.
took the lead at the start, and led the first 59 laps. The first incident on the track occurred on lap 17. A four-car crash in turn four involved Jack Turner, Bob Christie, Allen Crowe, and Chuck Rodee. A lengthy yellow light period was needed to clean up the incident.
Second half
led the final 31 laps en route to victory. It was his second 500 win, after winning also in 1959. His Leader Cards teammate Len Sutton finished second, accomplishing the first team "sweep" of 1st-2nd since the Blue Crown team did it in 1947 and 1948. After dominating much of the early race, Parnelli Jones, who started on the pole and led 120 laps, finished 7th. Jones chances for victory faded around the lap 125 mark when he lost his brakes. Unable to easily bring his car to a halt during pit stops, his crew put out tires so he could bump up against them or ride over them in order to help stop the car.
The race was carried live on the IMS Radio Network. Sid Collins served as chief announcer. Fred Agabashian served as "driver expert." Newcomer Howdy Bell joined the crew, serving as a turn reporter. It was his first of over 40 years with the network. Turn reporter Mike Ahern, who debuted on the radio crew a year earlier, missed the 1962 race due to being in the Army. He would return in 1963.
Television
A few minutes of highlights were shown on ABC's "Wide World Of Sports".
