Furthermore, dog breeds are nothing like ordinary human populations. We simply don't have human populations that are subjected to the extreme selection pressures that we apply to dogs, which produce breeds with strong natural talents and lots of natural deficiencies that would kill them if they were turned loose in the wild. Chihuahuas versus Great Danes. People vary, and natural selection matters, but it's nothing like dog breeds.
Whatever you mean by that, it is pretty clear that it makes sense to talk about Caucasian race (or terriers) and use that concept, even if the manifested features vary.
Furthermore the name was created on fallacious premises to begin with. From the creator of the "Caucasian race" Johann Friedrich Blumenbach:
Caucasian variety - I have taken the name of this variety from Mount Caucasus, both because its neighborhood, and especially its southern slope, produces the most beautiful race of men, I mean the Georgian; and because all physiological reasons converge to this, that in that region, if anywhere, it seems we ought with the greatest probability to place the autochthones (birth place) of mankind.
There are so many breeds of dogs, you can hardly find a common thing among them. This doesn't mean dogs don't exist.