A securement system is provided for use with a storage area of a vehicle having a cover panel adjustably positionable relative to the storage area. The securement system includes a locking portion cooperating with the cover panel including a body having a first end and an opposing second end terminating at a securement member. A receiving portion cooperates with the storage area and includes a housing, a channel extending at least partially through the receiving portion housing to receive and engage the locking portion securement member. The receiving portion channel includes a first passage configured to receive the locking portion securement member and a second passage configured to guide the locking portion body between at least a first position and a second position to receive and secure the securement member.