| Tournament details | |
|---|---|
| Dates | February 7 - August 30 |
| Teams | 10 (from 9 confederations) |
| Final positions | |
| Champions |  Santos (1st title) |
| Runners-up |  Peñarol |
| Tournament statistics | |
| Matches played | 26 |
| Goals scored | 107 (4.12 per match) |
| Top scorer(s) | Coutinho Alberto Spencer Enrique Raymondi(6 goals each) |
← 1961 1963 → | |
The 1962 Copa de Campeones de América was the third edition of South America's premier club football tournament. Ten teams entered, one more than the previous season, with Venezuela again not sending a representative. This was the first edition in which the defending champions qualified automatically, allowing the nation which contained the holders to have an extra team in the tournament.
Santos ended the Carboneros' reign, as they defeated Peñarol 0–3 in the deciding playoff in Buenos Aires.