A vehicular vision system includes a video display screen and a video processor operable to process captured video image data captured by a rearward-viewing color video camera at the vehicle. The video display screen includes a left display region at a left portion, a right display region at a right portion, and a middle display region that spans between the left and right display regions. The video display screen (i) displays at the left display region video images derived from captured image data to display a scene occurring in a left side lane, (ii) displays at the right display region video images derived from captured image data to display a scene occurring in a right side lane and (iii) displays at the middle display region video images derived from captured image data to display a scene occurring rearward of the vehicle in the lane the equipped vehicle is travelling in.