Abstract: A portable and compact storage rack for vertically dividing the cargo area of a vehicle. The storage rack includes a first base panel and a second base panel, each having a center end and a leg end. The center end of each base panel is pivotally attached to the center end of the other base panel. The rack further includes a first and a second leg, each leg being pivotally attached to the leg end of a base panel. When in a collapsed orientation, the legs are folded against the base panels and the base panels are folded together. In the collapsed orientation, the storage rack is well-suited for easy movement into and out of a vehicle, storage in small spaces, particularly under a seat of a passenger van, station wagon or sports utility vehicle, and on a shipping crate or pallet for store merchandising.