| Pos |
# |
Driver |
Car |
Time |
| 1 | 2 | Carlos Reutemann | Brabham BT34 Cosworth | 1:12.460 |
| 2 | 21 | Jackie Stewart | Tyrrell 003 Cosworth | 1:12,680 |
| 3 | 18 | Peter Revson | McLaren M19A Cosworth | 1:12,740 |
| 4 | 17 | Denny Hulme | McLaren M19A Cosworth | 1:12,990 |
| 5 | 11 | Emerson Fittipaldi | Lotus 72D Cosworth | 1:13,280 |
| 6 | 9 | Clay Regazzoni | Ferrari 312 B2 | 1:13,280 |
| 7 | 22 | Francois Cevert | Tyrrell 002 Cosworth | 1:13,390 |
| 8 | 8 | Jacky Ickx | Ferrari 312 B2 | 1:13,500 |
| 9 | 10 | Mario Andretti | Ferrari 312 B2 | 1:13,610 |
| 10 | 14 | Ronnie Peterson | March 721 Cosworth | 1:14,060 |
| 11 | 19 | Tim Schenken | Surtees TS9B Cosworth | 1:14,170 |
| 12 | 16 | Chris Amon | Matra MS120C | 1:14,280 |
| 13 | 3 | Howden Ganley | BRM P160 | 1:14,280 |
| 14 | 20 | Andrea de Adamich | Surtees TS9B Cosworth | 1:14,340 |
| 15 | 23 | Henri Pescarolo | March 721 Cosworth | 1:14,490 |
| 16 | 1 | Graham Hill | Brabham BT33 Cosworth | 1:14,520 |
| 17 | 4 | Reine Wisell | BRM P153 | 1:14,520 |
| 18 | 5 | Peter Gethin | BRM P160 | 1:15,110 |
| 19 | 7 | Helmut Marko | BRM P153 | 1:15,530 |
| 20 | 12 | Dave Walker | Lotus 72D Cosworth | 1:15,550 |
| 21 | 6 | Alex Soler-Roig | BRM P160 | 1:15,660 |
| 22 | 15 | Niki Lauda | March 721 Cosworth | 1:15,920 |
|
Grand Prix of Argentina 1972