The original Bumblebee toy has been retooled in major ways twice, first to accommodate a keychain (right) and second with a more show-accurate head.

A retool is a newer version of an existing Transformers toy which has had parts either added, removed, or resculpted. This can be as simple as changing a single part to provide stability or ease of transformation, or as complex as altering a large percentage of the toy's appearance or gimmickry. In rare cases, extensive remolding even changes some aspects of a toy's transformation.

Some refer to retooling as remolding, though this is not necessarily accurate. This implies an entirely new mold is made for the toy, while sometimes the parts for both figures are produced on the same sprues. In the case of Universe Rumble and Inferno, the only difference was the head, and both were on the original mold sprues for Scrapmetal. Odds are, the unused Cobybot heads for the thousands of Scrapmetals released got recycled with all the other plastic that goes unused when parts sprues are cast.

Well-known retools

Generation One

Original mold Retool Notes
Bluestreak Smokescreen, Prowl
Brawn Outback
Cliffjumper Hubcap
Gears Swerve
Grapple Inferno These were actually released around the same time.
Huffer Pipes
Ironhide Ratchet These were actually released around the same time.
Sideswipe Red Alert
Starscream Ramjet, Thrust, Dirge Each retooled Seeker had new wings and weapons.
Windcharger Tailgate

Live-action film series

Original mold Retool Notes
Starscream (Movie) Thundercracker (Movie), Skywarp (Movie) Starscream and Thundercracker were both released in 2007, but Skywarp was released in 2009, for the promotion of Revenge of the Fallen. Ramjet used the same mold too, but he was only a redeco.
Jazz (Movie) Funky Beats Jazz

Most of the 1986 Autobot Mini Vehicles are likewise retools of the 1984 Mini-Cars.

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