Abstract: An expandable/collapsible apparatus is provided for storing items within vehicle compartments that may be manipulated into an operative position or into a closed position. The apparatus may include a plurality of panels that are pivotally attached to one another so that the apparatus is movable between a closed position beneath, e.g., an upper panel or roof portion of a vehicle and an open position expanded for receiving items for storage. A spring loaded latch may be provided for securing the apparatus in either a collapsed or expanded (drop-down) position. Access to the apparatus may be through the trunk or rear cargo area of a vehicle or through a door formed in the package shelf of a vehicle.