A vehicular display system includes an electronic control unit (ECU) and a plurality of cameras disposed at the vehicle. The cameras capture image data and provide captured image data to the ECU. The system includes a video display screen and a video mirror display screen that are operable to display video images derived from video images provided by the ECU. When the vehicle is traveling forward at a speed below a threshold speed, the ECU generates rearward view video images derived from image data captured by a rearward viewing camera and provides the rearward view video images to the video display screen. When the vehicle is traveling forward at a speed at or above the threshold speed, the ECU generates rearward view video images derived from image data captured by a rearward viewing camera and provides the rearward view video images to the video mirror display screen.