A camera vision system for a vehicle includes a rear backup video camera operable to capture video images rearward of the vehicle during a rear backup maneuver of the vehicle. The rearward field of view of the rear backup video camera encompasses a vehicle hitch of the vehicle, which is configured to connect to a trailer tongue of a trailer to connect the trailer to the vehicle. A display device includes a video screen operable to display video images captured by the rear backup video camera for viewing by a driver of the vehicle, such as when a transmission of the equipped vehicle is shifted into reverse gear by the driver. The control continues to display video images captured by the rear backup video camera during a short term forward movement of the vehicle after the shifting of the transmission of the equipped vehicle into reverse gear.