A vehicular display system includes an electronic control unit (ECU), a plurality of bird's eye surround view cameras and a plurality of camera monitoring system (CMS) 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 the CMS cameras 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 and provides the rearward view video images to the video mirror display screen.