A container holder is provided which comprises a housing with a drawer having a container receiving recess. The drawer is mounted within the housing for movement between a stored position and a use position. An arm is mounted to the drawer for movement between a retracted position and an extended position and has a first portion which cooperates with the recess to define a container-receiving area of varying size. The arm can be selectively engaged with the drawer for retaining the arm in a number of adjustable positions between the retracted and the extended positions. The arm can be moved bi-directionally between the extended and retracted positions to releasably retain the arm in one of several discrete positions. The detent mechanism has a release leg adapted to contact the housing as the drawer is moved from the extended position to the retracted position to disengage the detent mechanism from the second portion of the arm. A bail for the container holder which is mounted to the housing so that the forward portion of the bail is lifted from a depending position to a retracted position as the drawer is moved into the housing.
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