Swagman's XC2 is an affordable hitch mount tray rack option. While it was far from a top performer in our test, the XC2 offers some great features that make it a decent choice for infrequent bike rack users. It is one of only two hitch mount tray racks with trays that fold in half in the middle to minimize the space the rack takes up when not in use on your vehicle, or when it is being stored. It has a two bike capacity and is highly adjustable to work with a broad range of bike, wheel, and tire sizes.
Our testers weren't crazy about the clamp to frame contact of the XC2, but the clamps performed well otherwise. The rack is lightweight and folds up small, but it lacks any security features whatsoever, nor does it have straps to secure the wheels. We recommend the XC2 for those who don't care too much about the paint job on their bike's frame, those on a budget, and for light duty use. It isn't the fanciest rack out there, but it's less than half the price of most of its competitors and still gets the job done.