The 32nd International 500-Mile Sweepstakes was held at the Indianapolis Motor Speedway on Monday, May 31, 1948. For the second year in a row, the Blue Crown Spark Plug teammates Mauri Rose and Bill Holland finished 1st-2nd. Rose became the second driver to win the Indianapolis 500 in consecutive years. Unlike the previous year's race, no controversy surrounds the results. Coupled with his co-victory in 1941, Rose became the third three-time winner at Indy. Duke Nalon's third-place finish would be the best-ever result for the popular Novi engine.