A hitch apparatus is provided including a support assembly having an upper horizontal support member and a lower horizontal support member. The upper and lower support members may be spaced apart from and generally parallel to one another. The upper and lower horizontal support members are connected by a vertical support member that is secured to the upper support member and extends downwardly through the lower support member. The lower support member is adapted for rotatable movement relative to the upper support member between first and second positions. The upper support member is releasably engageable with a standard hitch receiver on the rear of a vehicle. The lower support may be connected to a cargo tray or other component, which may be releasably connected to the vertical support member and adapted for movement between a first position behind the vehicle and a second position beneath the rear of the vehicle.