A vehicular control system includes a rear backup camera viewing at least rearward of the vehicle. With a trailer hitched to the vehicle, and based at least in part on image processing of captured image data during a backing-up maneuver, the image processor determines a distance between an axle of the trailer and the hitch of the vehicle and determines a trailer angle of the trailer hitched to the vehicle. During the backing-up maneuver of the trailer hitched to the vehicle, the vehicular control system determines a path of the trailer responsive to (i) a steering angle of the vehicle, (ii) the determined trailer angle of the trailer and (iii) the determined distance between the axle of the trailer and the hitch of the vehicle. The vehicular control system displays information to assist the driver in backing up the trailer hitched to the vehicle.