The balancing machine for balancing vehicle wheels comprises a supporting structure of grip and rotation members for gripping and rotating a wheel to be balanced, detection device for detecting the unbalance of the wheel during rotation, a processing unit which is operatively associated to said grip and rotation members and to said detection device, a screen associated to the supporting structure which is operatively associated to the processing unit and adapted to display the detected unbalance data and selectable functions or lists of functions, a control panel having a touch screen control surface arranged in a discrete ring-like manner, is also located on the control panel. The operator slides his finger on the touch screen control surface to scroll between present functions, or lists of functions, displayed on the screen, in a continuous manner. A first button, located in the center of the touch screen, is used to select functions or lists of functions when the control surface is used in a continuous operation mode. A second button, located adjacent the touch screen control surface, pilots the starting and stopping of the detection device.