I am thinking about setting up an auto water change system myself.. there are some specific products you can buy for this, but come with a price tag of course. Check out brs/marine depot, I am pretty sure they have some.
I guess it all depends on the application. If you are using it to do say a 1-2% change every day or every other day, you could simply buy some small pumps and set them up on a digital timer. One pump would turn on for x time to pump water out of display/sump. The other pump would then pump the same amount of fresh sw back in shortly after.
If you are using the auto change system to do larger water changes, you will probably want more control. You could simply plug the pumps into outlets with switches. Flip one switch to pump the water out, another to pump it in.
There may be better methods out there, but I personally like low tech systems..I have not tried this auto change system myself, it's in the "developmental" stage right now haha, but in theory could work..