The 1962 Italian Grand Prix was held at Monza on 16 September 1962. Willy Mairesse with this Ferrari 156 F1 ended 4th. The 86-lap race was won by BRM driver Graham Hill, his teammate Richie Ginther finished second and Cooper driver Bruce McLaren came in third.

Jim Clark started on pole position, but the Lotus team still looked worried as the team had gone through all of their gearboxes over the weekend. Two crates of spare parts were flown down, but nonetheless Clark and Trevor Taylor started with no more spares available. After only two laps Clark pitted with the expected transmission trouble; he made it back onto the track for another ten laps but that was it. Teammate Taylor managed 25 laps before his race ended. Hill kept stretching his lead out and finished nearly a half minute before Richie Ginther in the other BRM. Meanwhile, Willy Mairesse in the new non-sharknose Ferrari 156 had caught up to the third-place contenders and brought Jo Bonnier and Giancarlo Baghetti with him.[2]

Gurney's car was pressed too hard and he retired on the 66th lap with a broken rear differential. After this, the positions stabilized a bit, although not until after Baghetti had briefly led the pack to the appreciation of local fans. Rodríguez' Ferrari lost oil pressure, Innes Ireland had a good race until something snapped in the steering, and Masten Gregory's car was overheating and then only ran in fourth gear for the last laps.

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